Americas Petrogas find extends Vaca Muerta potential

27 February 2013

 
Justin Jacobs, LONDON: Americas Petrogas, an Argentine-focused independent explorer, has opened up a previously unproven section in the south-west of the multi-billion barrel Vaca Muerta shale play with a light oil discovery at the Totoral Block.

"This new exploration discovery is very exciting for Americas Petrogas as it adds significant exploration upside to a very large area where the Vaca Muerta formation could be produced at relatively shallow depths," the company's chief executive Barclay Hambrook said in a statement.

The LHo.x-1 well, which was drilled in the less-explored Picun Leufu sub-basin area of the shale play, was drilled in mid-2012. The well encountered a 666-foot oil-rich section of the Vaca Muerta shale. After a three-stage hydraulic fracturing operation, the well flowed at between 300 and 600 barrels...



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