YPF - Preliminary results exploratory wells formations unconventional oil (shale oil) in the province of Mendoza

abarrelfullabarrelfull wrote on 30 Mar 2012 14:06
Tags: argentina s-america shale top upstream ypf

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I address you in order to comply with the provisions of Article No. 2 Chapter XXI of the Rules of the National Securities Commission.

In this regard, reported that within our annual exploration program exploratory wells have made The Set X-1 (YPF.Md.NLaFi.x-1) and Middle Malal - 94 (YPF.Md.NMDM-94), whose locations are in West Payún blocks and Rio Grande Valley, respectively, in the province of Mendoza.

The objective of the well The Set X-1 was to assess the presence and productivity of hydrocarbons in the Vaca Muerta formation and confirm the model Prospective proposed. Well Said started production with an initial flow daily average of 427 barrels of oil equivalent of 36 ° API quality after 2 fractures have performed in a section of 138 meters of formation. Thus, the the same positive result allowed us to confirm the prospective model in the Province Mendoza.

In turn, the well Malal Environment - 94 was aimed at evaluating the presence and productivity Vaca Muerta formation hydrocarbons in the northern basin. The results of that well yielded a daily average initial production approximately 55 barrels of 27 ° API quality, following a fracture in a section of 120 meters of formation.

The positive result allows us to extend the estimate of the area prospects for such training at 2,000 km2 with an expectation of resources 1,000 million barrels of oil equivalent for this site in the Province Mendoza.

It is noteworthy that these 2 wells are drilled in Mendoza producing the Vaca Muerta formation at depths of between 2,200 and 2,400 meters in vicinity of structures associated with the Andes.

Finally, given the results obtained, we will expand our plan exploratory drilling in the coming months three exploratory wells targeting the Vaca Muerta formation in the Province of Mendoza to delineate the potential in the southern of the Province.

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