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ExxonMobil announces first operated discovery at Vaca Muerte field

21st May 2014

ExxonMobil has announced its first operated discovery at Argentina's Vaca Muerta play, according to local reports

ExxonMobil announces first operated discovery at Vaca Muerte field
It was drilled to a total depth of about 4,570 metres, including 3,570 metres vertical with a 1000-metre lateral

ExxonMobil reported that a well at the Bajo del Choique X-2 area flowed at an average rate of 770 barrels per day on a 4.7-millimetre choke, in a statement to Argentine news agency, Telam.

It was drilled to a total depth of about 4,570 metres, including 3,570 metres vertical with a 1000-metre lateral.

"This first operated discovery of ExxonMobil in the Vaca Muerta formation is a very positive signal that shale in this area of Neuquen province represents great promise for liquids-rich unconventionals in Argentina," Stephen Greenlee, ExxonMobil president, is reported as saying.

ExxonMobil has a 85 per cent operating stake in the Bajo del Choique block with provincial oil company Gas y Petroleo de Nequen (GyP) on 15 per cent.

Jorge Sapag, Neuquen governor, was reported to have commented: "I’m very pleased that the partnership between ExxonMobil and GyP has begun to show excellent results, as analysts have expected the potential of the Vaca Muerta formation in Neuquen."

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