Petrobras discovers oil in Argentina

Petroleo Brasileiro SA (Petrobras) reported its first oil discovery as an operator in Argentina.

By an OGJ correspondent

RIO DE JANEIRO, Aug. 7 -- Petroleo Brasileiro SA (Petrobras) reported its first oil discovery as an operator in Argentina.

The find of condensate and natural gas was made in the Neuquen basin by Petrobras Argentina SA, the company's subsidiary in Argentina.

The discovery well, PZX-1001, was drilled on the Puesto Zuniga prospect on Block CNQ-32 in the Neuquen basin near the city of Cinco Saltos in Rio Negro Province.

The well flowed on initial tests at a rate of 516 b/d of condensate and 8.5 MMcfd of gas from Jurassic Lajas at 3,650 m.

The company is assessing commerciality of the find and plans to drill confirmation wells, although details were not disclosed.

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