YPF' suspended and results unreported for its Barreal Grande 1H New-Field Wildcat (NFW) horizontal well in the Loma La Lata-Sierra Barrosa Block â NeuquÃ©n Basin. During early-March 2020 after conducting fracking operations and starting its initial flow-back and extended testing it conducts on its horizontal, unconventional wells â operations were suspended. The well is in the south-eastern corner of the block in an area that hasn't been tested for Vaca Muerta potential. YPF SA is operator of the Loma La Lata-Sierra Barrosa contract with 100% working interest.   The operator perforated the horizontal section from 2,920 m to 4,892 m and fract it with 25 stages. The well was spudded on 24 June 2019 with a planned total depth (PTD) of 4,297 m and the primary objective was the unconventional Vaca Muerta Formation shale. The NFW reached a total depth (TD) of 4,940 m measured depth (MD) in mid-August 2019.   The Loma La Lata-Sierra Barrosa Block covers 1,643.53 sq km in the Neuquen Embayment and Huincul Uplift portions of the Neuquen Basin.      The Loma la      Lata-Sierra Barrosa Block covers an area of 1,989 sq km and was awarded      100% to YPF SA as a Production Concession-YPF Area on 14 November 1992.      The Argentine Government approved the 10-year extension of the Loma la      Lata-Sierra Barrosa Contract in advance through Decree 1,239/2000, with an      effective date of 3 January 2001. The extension period of ten years gives      the contract a final expiry date of 14 November 2027 from the original 14      November 2017. A complex agreement was reached between the Argentine      Federal Government, the Provincial Authorities of Neuquen and Repsol-YPF      whereby the operator will pay approximately USD 300 million to the Federal      Government and invest USD 8 billion in the Loma la Lata-Sierra Barrosa      Production Concession through 2017 in exchange for being granted the 10      year extension.
Argentina (Neuquen B.) Barreal Grande 1H New-Field Wildcat (NFW) op. by YPF (100%) in Loma la Lata-Sierra Barrosa block, suspended and results unreported.