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Repsol makes its biggest oil discovery in Argentina

November 08, 2011
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PATAGONIA, Argentina — Spain’s largest oil company Repsol YPF SA has made its biggest oil discovery to date at the Loma La Lata field in northern Patagonia, Bloomberg reported.

The firm said its Argentine YPF SA unit discovered about 927 million barrels equivalent of shale oil at the site.

The unit confirmed the size of the discovery after producing between 200 and 600 barrels a day of high-quality shale oil from 15 wells at the field, the article stated.
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