Energy company YPF confirmed the finding of its biggest oil discovery in Argentina yet to the Buenos Aires stock exchange. The discovery was made in the Neuquén province and is equivalent to 927 million barrels.
“This find will transform the energy potential of Argentina and South America, boasting one of the world’s most significant accumulations of non-conventional resources,» a statement released by the company said.
The discovery was confirmed after drilling in an area of 428 square kilometres in Loma La Lata.
It also says that further discoveries could be made in the area since the region is unexplored.
Source: Buenos Aires Herald