| 05/25/00 |
| REPSOL YPF NEW GAS DISCOVERY IN ARGENTINA
|
Repsol YPF announces the discovery of new gas in the
province of Neuqu�n, in western Argentina. This is the second gas discovery this month, following
another recent find in Trinidad and Tobago, reported at the beginning of
May. The area in which this most recent find was made, the
Barrosa North field, belongs exclusively to Repsol YPF, as single owner and
operator. The gas producing area, found by using the latest
technology, is at a depth of 2,400 metres, and production tests gave a flow of
over one million cubic metres of gas per day, accompanied by liquid
hydrocarbons. Preliminary estimates set proved reserves at 3,000
million cubic metres of gas, with another similar amount to be confirmed by the
appraisal work to be carried out next. |