Operators report E&D successes in two Argentina basins

08/27/2001
Two operators reported success at E&D ventures in eastern and western Argentina.A Chevron San Jorge group gauged a large oil discovery in the Gulf of San Jorge basin, and Pioneer Natural Resources Co., Irving, Tex., expanded its operations in the Neuquen basin.Chevron has a discovery at the La Yesera X1 exploratory well on the Rio Negro Norte block in Rio Negro Province. The well, 20 km southwest of giant Loma Negra complex, flowed at rates of more than 3,000 b/d of 53° gravity oil, reported partner Repsol YPF. TD is 4,846 m.Block interests are Chevron and San Jorge Energy each 18.75%, Repsol 35%, Corp. Financiera Internacional 15%, and Metro Holding 12.5%.Pioneer acquired one block a...
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