Country Report
Argentina upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Argentina claims one of the only successful shale plays outside of North America. With little conventional potential, the country is dependent on its Vaca Muerta shale for future growth. The country has a history of regulated hydrocarbon prices, financial controls, and expropriation. We detail the history of oil and gas production and policy and outline our expectations for the future of the industry in Argentina.
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
- YPF
- Local players
- Majors
- Other international operators
-
Geology
- Introduction
-
Geological history
- Paleozoic-Jurassic
- Late Jurassic-Neocomian
- Middle Cretaceous-Recent
- The Neuquén basin
- The Noroeste basin
- The San Jorge basin
- The Cuyo basin
- The Austral (Magallanes) basin
- The Malvinas basin
- 3 more item(s)...
-
Exploration
- Licensing
- Federal hydrocarbon law reform (2014)
-
Previous licensing rounds and frameworks
- Houston Plan (1985)
- Plan Argentina (1991)
- Provincial control (2003)
- Ley Corta (2006)
- Enarsa joint venture licensing (2008)
-
Provincial licensing rounds
- Mendoza province
- Neuquén province
- Rio Negro province
- Chubut province
- Salta province
- Tierra del Fuego province
- 2019 Offshore licensing round
-
Drilling
- Drilling activity
- Success rates
- Reserves and resources
-
Production
- Oil/Liquids
- Gas
-
Infrastructure
- Oil infrastructure
- Gas infrastructure
-
Domestic gas pipelines
- Transportadora de Gas del Norte (TGN)
- Transportadora de Gas del Sur (TGS)
- Gasoducto del Noreste Argentino (GNEA)
- Perito Moreno Pipeline
-
LNG export projects
- Argentina LNG
- Southern Energy FLNG
- Tecpetrol
- TGS
-
International gas pipelines
- Bolivia
- Chile
- Brazil
- Uruguay
-
Costs
-
Capital costs
- Capital expenditure by location
-
Capital costs
-
Policy and regulation
- Key legislation
- Regulatory body
- State oil company
- Yacimientos Petrolíferos Fiscales (YPF)
- Energía Argentina SA (ENARSA)
- State participation
- Provincial oil companies
- Licensing
- 5 more item(s)...
-
Fiscal terms
- Overview
- Current fiscal terms
- Basis
-
Government equity participation
- Indirect taxes
- Provincial sales (turnover) tax
- Royalty (Regalía)
- Corporate income tax
- Additional petroleum tax
- Fiscal treatment of decommissioning costs
- Product pricing
- Summary of modelled terms
-
Sample cash flow
- Methodology
- Historical background
- Pre-1980
- 1980s
- 2 more item(s)...
Tables and charts
This report includes the following images and tables:
- Key facts: Table 1
- Country Map
- Reserves and resources: Table 1
- Reserves and contingent resources at 01/01/2025
- Liquids and Gas Production 2025
- Net Acreage 2025
- Neuquen Basin and Noroeste Basin Stratigraphic Columns
- San Jorge basin and Cuyo basin stratigraphic columns
- Magallanes basin stratigraphic column
- Licence activity
- Production: Table 1
- Production: Table 2
- 22 more item(s)...
What's included
This report contains:
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