The president said the reservoir "means an increase of 6% in the general reserves of Argentina ". The megayacimiento produce more than 150 million Barrels of oil, which accounts for 35% of YPF's reserves. This is the biggest find since the advent of Chihuido of Sierra Negra, also in Neuquen, in the late 80's.
President Cristina Fernandez de Kirchner announced today: "We are very, very happy with the discovery of oil ", heading a ceremony in Government House, where he announced the discovery of 150 million Barrels of oil in the Patagonia.
In that sense, Cristina said:" This will allow further oil sustaining and promoting the growth of the Argentine people. "He added:" Shore and leverage the growth of Argentina. And let investments have livelihoods and can continue to generate what we're experiencing all Argentines. "
During a videoconference with the President, YPF announced the discovery of a megayacimiento with more than 150 billion barrels of unconventional oil in the Loma Lata, Neuquén, which represents 35% of the reserves of the company.
"This is a finding of YPF, but is a finding of all Argentines," said the president. In turn, the CEO of the company, Sebastián Eskenazi, noted that "the important thing is that this new power, with a future and a new expectation."
Finally, he said: "The big challenge is to keep making discoveries. Findings of institutional building for this model is sustainable growth."
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