Project Profile
Value: Undisclosed
Location: 140 km northwest of the city of Río Gallegos, Springhill Formation, in the province of Santa Cruz, Argentina
Reserves: estimated reserves of 11 million barrels of oil equivalent
Start-up Year: -
Petrobras Argentina has made a discovery of a new gas and oil field in the northern area of Puesto Peter Exploitation Concession, located in the province of Santa Cruz. The gas and oil discovery in the Springhill Formation, at a depth of 3,255 metres, was made while drilling Estancia Campos x-1 exploration well, located approx. 140 km northwest of the city of Río Gallegos. Preliminary test results indicate the presence of gas and oil, with estimated reserves of approx. 11 million barrels of oil equivalent in the discovered field. Estancia Campos is the second discovery within Puesto Peter concession area which also includes another field in the central and southern area, with a daily production of 78 cubic meters of oil and 240,000 cubic metres of gas in the Magallanes Formation, at a depth of 1,800 metres.Petrobras Argentina is the operator of the joint venture for the exploitation of oil and gas under the concession, which joint venture is also composed of Compañía General de Combustibles S.A., holding 71% and 29% interest, respectively.
Operator:
Petrobras Argentina: Operator with 71% interest
Compañía General de Combustibles S.A: 29% interest