Sunday, February 12, 2012

Oil and gas shale plays in Neuquen Argentina

January 2012, YPF SA (YPF, YPFD.BA), Argentina's biggest oil and gas company, said it had confirmed 927 million barrels of unconventional oil in Neuquen province. That came on the heels of last December's announcement that YPF had found an estimated 4.5 trillion cubic feet of unconventional gas at its Loma La Lata field. YPF's majority shareholder is Spain's Repsol YPF SA (REPYY, REP.MC), which has a 57.4% stake in the company. Argentina's Grupo Petersen holds a 25.4% stake while the company's free-floating shares total about 17%. The finds could position Argentina among the world's leading producers of shale oil, or unconventional oil extracted from tight sands or shale rock formations and create a large-scale boom in investment and production such as now being witnessed in North American shale plays such as Eagle Ford and Bakken,.

Wednesday, January 4, 2012

Aldous Major South - Avaldsnes- 38 days of oil

The Aldous Major South - Avaldsnes discovery on the Utsira High structure is currently estimated to contain 1.7 to 3.3 billion barrels of recoverable oil. The astonishing thing about this discovery is that it has lain undiscovered in a mature oil province for so long providing ample encouragement for explorers to go on exploring.