Canadian firm strikes oil in Argentina's Neuquén basin

Sep 12, 2011 12:00 AM

Canada’s Americas Petrogas and venture partner Gran Tierra Energy have made a “significant discovery of oil” in the first of three exploration wells on the Rinconada Norte block in the Neuquén Basin of Argentina.
Americas Petrogas said the RN x-1004 well flowed at a test rate of approximately 944 bpd of oil and 13,360 cmpd of gas (79 barrels of oil equivalent) for a total of about 1,023 barrels of oil equivalent per day from two intervals tested separately in the Precuyo formation.

According to the release the oil is 29.6 degrees API -- sweet light crude similar to crude oil produced from the equivalent formation in Americas Petrogas's Medanito Sur block. The company said the well has been completed and the service rig is now moving on to the next two wells, which have already been drilled and logged and had production casing installed.
“We are very excited about this new find on the first well of this three-well exploratory drilling program because of the strong production rates and possibility of significant commercial reserves,” said Guimar Vaca Coca, managing director of Americas Petrogas Argentina. “We are also optimistic about the prospects for the remaining two wells.”

Americas Petrogas's wholly-owned Argentina subsidiary, Americas Petrogas Argentina, is the operator of the Rinconada Norte block, holding a 65 % working interest, while Gran Tierra Energy, through its Argentina subsidiary, holds a 35 % working interest. Americas Petrogas anticipates building test production facilities in the fourth quarter of 2011.
The Rinconada Norte block covers 96 sq km immediately south of Americas Petrogas’s Medanito Sur block in La Pampa Province in the eastern Neuquén basin.

Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.


The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


Upcoming Conferences
« May 2019 »
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31

Register to announce Your Event

View All Events