Papers - Foreign Production - Petroleum Production in Argentina

Approximate figures for petroleum production in Argentina for 1929 show an increase of only about 300,000 bbl. over production for 1928. This increase is due to greater yield in the Plaza Huincul and in the Salta regions. Table 1 shows the distribution of production in the various fields of the whole country, using estimates for the later months of the year. The outlook for production remains about the same as in 1928. It is believed that in northern Argentina there are regions that contain oil, but they are yet unexplored. Notable traces of oil at depths between 1280 and 1390 m. have appeared in a 1500-m. boring in Comodoro Rivadavia, but their importance is unknown.