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GeoPark discovers new oil reserve in Argentinas Neuquen Basin
EBR Staff Writer
Published 11 August 2017
Latin American oil and gas firm GeoPark has reported discovery of a new oil field following the drilling of an exploratory well in the Neuquen Basin in Argentine province Mendoza.
The discovery was made in the CN-V block which is jointly owned in a 50/50 partnership by GeoPark with BASF group subsidiary Wintershall Energía.
GeoPark said that its Rio Grande Oeste 1 exploration well encountered oil reserve having a potential net pay of 400ft. This was after Rio Grande Oeste 1 was drilled and completed to an overall depth of 5,500ft.
The mission of the exploratory well was to target the Grupo Neuquen formation where GeoPark could identify fifteen different potential reservoir sands at various depths in the 1,800-5,500ft range following the Rio Grande Oeste 1 drilling.
More:
http://explorationanddevelopment.energy-business-review.com/news/geopark-discovers-new-oil-reserve-in-argentinas-neuquen-basin-110817-5898314
Neuquen Basin, Patagonia, Argentina
