YPF Makes Argentina’s Largest Oil Discovery in Two Decades
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YPF SA, Argentina’s largest company by market value, said it’s discovered the equivalent of about 150 million barrels of shale oil at a field in southern Patagonia, the country’s largest discovery in two decades.
YPF, in which Madrid-based Repsol YPF SA is the controlling shareholder, made the find in the Loma La Lata field, YPF Chief Executive Officer Sebastian Eskenazi said today in a televised speech from Neuquen province. YPF found 4.5 trillion cubic feet of unconventional natural gas in the same area in December.