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Argentina's YPF Makes Onshore Oil Discovery

Buenos Aires, November 11 (RHC) -- Argentine oil company YPF said it had made a discovery in the Neuquina basin in the country's western province of Mendoza, containing estimated reserves of about 15 million barrels of crude.

"Tests carried out at various depths, all productive, give an initial production estimate of 535 barrels of oil per day," the company said on Sunday.

 The new finding is the third produced by YPF in Mendoza so far this year, after the company confirmed the existance of viable reserves in the Chachahuen and Vizcacheras blocks in January and March, respectively.

Edited by Juan Leandro
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