abce certificate
New Articles
Friday, 05 December, 2008, 17:10 GMT | more >>

Repsol 'eyes Argentine booster'



By Upstream staff 

Spain's Repsol YPF is working on a plan to boost its reserves in Argentina, which at the end of last year totalled 2.6 million barrels of oil equivalent, 50% lower than in 2002, according to reports.

A report published this morning in the newspaper Expansion, cited unnamed company sources as saying that in light of the fact the producer's upstream assets in the Gulf of Mexico, Libya and Iran will not produce new reserves until the end of the decade, the company is considering how to optimise its Argentine fields.

At a news conference ahead of this week's annual general meeting, company boss Antoni Brufau said the planned disposal of 38 oilfields in Argentina was "on stand-by", adding that the company is in talks with local government to decide on how to get the best value from the assets.


Monday, 14 May, 2007, 08:48 GMT  | last updated: Monday, 14 May, 2007, 08:48 GMT

e-mail this article to a colleague


to email:  from:
comments: