Unocal, YPF to explore tracts off Argentina

Unocal /YPF Argentina Joint Venture Area [89,810 bytes] Unocal Patagonia Ltd., a subsidiary of Unocal Corp., and YPF SA have signed a joint operating agreement to explore and develop two permit areas off Argentina. The CGSJM Blocks 1 and 2 cover 19,300 sq km, or about one-third of the offshore extension of the San Jorge basin. The onshore portion of the basin has produced more than 2.5 billion boe. Unocal claims the blocks have a postulated potential of more than 1 billion bbl of recoverable

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