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Vaca Muerta

Repsol sues YPF for offering Vaca Muerta to other oil companies

Published on Oct. 9, 2012

 
Read Repsol sues YPF for offering Vaca Muerta to other oil companies

The Commerce Court n. 1 in Madrid upheld the claim brought by Repsol against YPF due to unfair competition.

The case stems from YPF offering shale oil and gas reservoirs which Repsol found before they were expropriated. The offer includes Vaca Muerta, one of the biggest oilfields that would lead a third competitor to a privilege position in the oil and gas sector.

The company owned by Antonio Brufau reminds that the Unfair Competition Act forbids competitors to take benefit from an advantage gained through legal infraction - that means the expropriation.

In April Argentina expropriated 51% of YPF, which belonged entirely to Repsol (who owned at that moment 57.4% of the company).

In May YPF and the American miner ...

Repsol's largest oil discovery in its history, in Argentina

Published on Nov. 10, 2011

 
Read Repsol's largest oil discovery in its history, in Argentina

 After several years of prospecting Repsol has found a treasure in Argentina's Neuquén province, in Patagonia, close to the Chilean border. In this area, called Sierra de Vaca Muerta, Repsol holds oil concession rights over an area of ​​12,000 square kilometers, of which, so far, has focused on a small region of only 428 kilometers called La Lata Norte.

The analysis threw, through the 15 open wells, an estimation of reserves  amounting to 927 million barrels, making it the largest discovery in the history of the company. Other explorations taking place in other areas of Sierra de Vaca Muerta are also revealing a promising future.

This discovery in Patagonia will allow Repsol to double in a few ...

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