According to local reports in late-June 2019, state company YPFBâs subsidiary, YPFB Chaco, has completed its Florida X-2D new-field wildcat (NFW) well on the El Dorado Este block with gas discovery from the Iquiri Formation as of late-May 2019. The well reached its total depth (TD) of 4,338 m (14,232 ft) in mid-May 2019 after it was spudded in January 2019 with planned total depth (PTD) of 4,440 m (14,567 ft) and objective in the Iquiri Formation.    The El Dorado Este block covers 182.5 sq km of onshore land situated in the Foothill Belt of Chaco Basin.    YPFB reportedly planned to invest USD 19.8 million in the drilling of Florida X-2D, followed by USD 68. 5 million in the development phase if results are positive. YPFB Chaco is the operator with 90% interest, while partner Petrolex (100% subsidiary of Clontarf Energy) holds 10%.    Background Information    The El Dorado Este block area includes two producing gas fields, El Dorado and El Dorado Sur, which were put on-stream in 2009 and 2011, respectively. The fields have produced a combined total of 87.7 Bscfg and 2 MMbc at the end of 2018.
Florida X-2D nfw (YPFB 90% op, Clontarf 10%) in El Dorado Este block, according to local reports gas disc. from the Iquiri Fm.