Project Profile
Estimated Value: US$100 million
Start-up Year: 2012
Area of Block: 64km2 (15,814 acres)
Location: Santa Cruz Province, Argentina
The El Valle Oil block is a 64km2 (15,814 acres) production concession on the central southern side of the San Jorge Basin. Following the discovery of hydrocarbon pools by a drilling program in 2009, a six well drilling program was designed as a follow up. The objective of this program is to define and commence the exploitation of Crown Point which has two producing oil wells (EVX-21 and EVX-19) and a natural gas well (EVX-20) that is currently shut-in.
Operator:
Crown Point: Operator with 50% interest
Other interest parts: 50% interest
Updated by: TM