Oil, Gas Found in Chachahuen Block, Argentina

Andes Energia plc, a producer and explorer in Argentina and Colombia, announced Thursday that oil and gas discoveries have been made in the Chachahuen block in the Province of Mendoza, Argentina. 

Around 20 feet of net oil pay was discovered in the sandstone of the Rayoso formation in exploration well Cerro Redondo x-1 and gas was found in exploration well La Orilla x-1 in the deeper horizon of the Lotena formation. Gas was also found in exploration well Remanso del Colorado x-1 in the deeper horizon of the Cuyo Group.

"The new oil discovery at the CoRe x-1 untapped a new reservoir to be appraised and developed, in the same way the presence of gas identified in the deeper horizons of wells LaO x-1 and Re Co x-1 opens a new exploratory frontier, which reaffirms the large scale hydrocarbon potential of Chachahuen,” said Nicolas Mallo Huergo, Andes Energia chairman.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Japan's NYK Completes Acquisition of 2... (Sep 30)
 -  Keppel FELS Delivers Floatel Triumph, ... (Sep 30)
 -  Falcon Updates on Drilling Ops at Amun... (Sep 30)
 -  MISC's MaMPU1 to Commence Ops at Vesti... (Sep 30)
 -  Det Norske Completes Merger with BP No... (Sep 30)


Most Popular Articles

From the Career Center
Jobs that may interest you
Marine Electrician Helper
Expertise: Electrician|Rig Electrician
Location: Port Fourchon, LA
 
Derrickhand
Expertise: Derrickman
Location: New Iberia, LA
 
Motorhand
Expertise: Motorman
Location: New Iberia, LA
 
search for more jobs

Brent Crude Oil : $49.24/BBL 1.12%
Light Crude Oil : $47.83/BBL 1.65%
Natural Gas : $2.959/MMBtu 0.23%
Updated in last 24 hours