New York Paper - Petroleum in the Argentine Republic (with Discussion)

At the present time five localities in the Argentine Republic are known to bear direct evidences of the presence of petroleum. The segregation of these localities is more or less arbitrary inasmuch as minor indications may be found to extend from one locality to the other at no regular distance apart, especially in the northern and western part of the republic. These localities are listed as follows: North Argentine-Bolivian region, Salta-Jujuy district, provinces of Mendoza and Neuquen, Comodoro Rivadavia, and the Gallegos-Punta Arenas region. Economic conditions attract us to the possibilities of developing these and other regions of countries in the southern hemisphere. Development work will, naturally, be undertaken first in such localities as present direct manifestations of the presence of petroleum; "hidden fields" may exist, but, unless discovered by accident, their development will be left to the last. The problems to be solved in the development of the petroleum resources of the Argentine republic are mainly of stratigraphy, structure, and transportation. We are not here concerned with the unfavorable climate of the countries to the north in the tropics where, for us of the "far north," life hangs by a thread ready to be severed by a mosquito, gnat, or tropical germ. North Argentine-Bolivian Region The North Argentine-Bolivian region has already been described by the author.' Geographically and geologically this is admittedly one field extending from Argentine into Bolivia. It is not necessary to repeat here the various conditions pertaining to this field, though the summary may be quoted as follows: Extending from northern Argentine northward into central Bolivia is a belt of petroleum seepages. On account of the remoteness of the district it has, heretofore, been little considered by oil operators. The regional geology is comparatively well understood but the local features have not been carefully detailed. Development work in the past has been done on an unscientific basis and has led to failures. At the present time, access to the region is somewhat difficult but, no