YPF discovers shale in Chubut Province

Argentina's state-controlled energy company YPF has made the first shale oil and gas discovery in the Patagonian province of Chubut, according to Reuters.

The discovery, in the San Jorge basin, is located more than 1,000 kilometers southeast of the Vaca Muerta mega-field in Neuquen Province.

Reuters noted that it was the first discovery at El Trebol field in the D-129 shale formation in Chubut. Vaca Muerta is thought to be one of the world's biggest shale reserves and could double Argentina's energy output within a decade.

The country has signed one major Vaca Muerta deal, a $1.24 billion joint venture with Chevron Corp.

Earlier this week, Exxon Mobil Corp. said that it has made its first discovery of unconventional gas and crude oil in Vaca Muerta.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...