Petrobras Argentina Says it Finds 6 Million Barrels of Oil Equivalent
BUENOS AIRES - Petrobras Argentina SA (Petrobras), the Argentine unit of Brazil's oil and gas company Petroleo Brasileiro SA, has found an estimated 6 million barrels of oil equivalent in the province of Santa Cruz.
The discovery is the second at Petrobras's Estancia Agua Fresca concession in the province, where it already produces almost 3,000 barrels of oil and close to 3.2 million cubic feet of gas a day.
Petrobras Argentina operates the concession and is a 50% shareholder in it along with Compania General de Combustibles SA, according to a statement Petrobras Argentina sent to the Buenos Aires Stock Exchange Tuesday.
In November, Petrobras Argentina said it would invest $800 million over the next four years in Santa Cruz.
WHAT DO YOU THINK?
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.
Operates 34 Offshore Rigs
Manages 10 Offshore Rigs
- Exxon, Petrobras Form Alliance To Develop Oil, Gas Projects (Dec 14)
- Natural Gas In Petrobras Pipelines Up About 23% In 2017 (Dec 05)
- Petrobras CEO Says To Discuss Refining Partnership With CNPC CEO (Nov 15)