Seismic reflections: Confirmation of the Neuquen shale play
Repsol YPF’s recent announcement of a huge discovery at Loma de la Lata in the Argentine province of Neuquen has confirmed the Neuquen basin as a major new shale play. Neuquen, indeed, is rapidly emerging as the first major shale play outside North America. Significantly, reserves of 927mmboe relate only to a very small part of the basin (428km2). Repsol YPF is expected to announce further news on Neuquen’s reserves very shortly that could double the initial estimate. The news from Argentina is highly positive for both the domestic economy and shale development.
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