Argentina Oil and Gas Production and Exploration Market by Terrain, Assets and Major Companies, 2021 Update

Most of hydrocarbon production in Argentina is supplied from onshore fields located in Neuquina and Golfo San Jorge basins of Neuquen and Chubut provinces. Crude oil production in Argentina is expected to stay almost flat in the next two years at approximately 565,000 barrels of crude oil per day (bd) and then decline by an average of 6.0% till the end of the outlook period and reach less than 490,000 bd in 2025. Around 56% of crude oil production comes from conventional onshore and shallow water developments, while the remaining production is represented by unconventional developments mostly located in the Vaca Muerta formation of the Neuquina basin. Vaca Muerta development started off as a conventional field where mostly vertical wells were drilled without using any fracking and horizontal drilling techniques. However, for the past five years the share of unconventional production in the country started to increase and is projected to reach 43.5% of all crude oil production in 2025, compared to 24.7% in 2020. Natural gas production in Argentina accounts for almost 60% of the overall hydrocarbon supply and is forecasted to decline at an average 3.4% rate in the next five years and reach 3,650 million cubic feet of natural gas per day (mmcfd) by 2025, which is 17.7% lower than production observed in 2021 of 4,437 mmcfd. Unconventional natural gas production accounts for almost 47% of the overall gas production in the country, and the share is projected to grow by another 9% by 2025. Most of shale gas production in the country is supplied from the Vaca Muerta formation in Neuquina basin.

Scope

• Argentina’s oil and gas production outlook by assets terrain, and major companies
• Key details of active and upcoming oil and gas assets in the country
• Recently licensed blocks details, licensed blocks count by company, and latest discoveries
• Latest mergers and acquisitions, and awarded contracts related to the E&P sector in the country

Reasons to Buy

• Gain a strong understanding of the Argentina’s E&P sector
• Facilitate decision making based on strong historical and outlook of oil and gas production data, licensed blocks details, and discoveries
• Assess your competitor’s production outlook and licensed blocks count in the country
• Analyze latest M&A landscape and awarded contracts related to the country’s E&P sector