Repsol YPF presents exploration developments and presents a new discovery

abarrelfullabarrelfull wrote on 08 Dec 2010 09:43
Tags: argentina gas repsol shale upstream

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Repsol YPF Chairman Antonio Brufau presided over the presentation to the Argentine President, Cristina Fernandez, the progress of YPF’s exploratory development plan, confirming the significant non-conventional gas find in the Neuquen basin with a volume of 127 Bcm, equivalent to 4 years gas consumption in Spain.

During the event held at YPF headquarters in Buenos Aires, the Argentine President, was accompanied by numerous government officials, political representatives and trade unions. All were received by the Repsol YPF chairman, Antonio Brufau, YPF’s Vice President, Enrique Eskenazi, and YPF’s CEO Sebastian Eskenazi, in an atmosphere of great understanding between the Argentine Government and its public authorities, and the country’s largest company.

Repsol YPF’s latest discovery is included in its 2010-2014 Exploratory Development Program, and adds to other exploration projects carried out in the Neuquen basin which have revealed significant non-conventional gas potential in that basin.

The Argentinean government and international investors have valued positively YPF’s strategy, which has attracted a growing interest in the markets: This has resulted in significant share transactions of YPF shares on Wall Street, and its incorporation into the Madrid Stock Exchange’s Latibex Index.

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