Argentina's YPF strikes oil, gas at Mendoza block

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Thursday, August 25, 2016

Argentine national oil company YPF drilled and completed four exploration wells at the Chachahuén block in Mendoza province.

The state energy firm discovered six meters of net oil pay in the Cerro Redondo x-1 well, while gas was fond in the La Orilla x-1 and Remanso del Colorado x-1 wells, YPF's partner at the concession, Andes Energía, said in an update

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The exploratory success "reaffirms the large scale hydrocarbon potential of Chachahuén," Andes Chairman Nicolas Mallo Huergo said in a statement.

Oil output at Chachahuén, where YPF is the operator and Andes holds a 20% working interest, reached 5,989b/d as of end-2015.

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