Country Report
Argentina upstream summary
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
- The Chaco - Paraná (Noreste) basin
- Eastern Margin basins
- Nirihuau basin
-
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)
- Nestor Kirchner Pipeline
-
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
- Duration of contract
- Area
- Work obligation
- Development lease
- Surface rentals (canons)
-
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
- 1990s
-
2000s
- Domestic market obligation
- Export duties
- Petróleo Plus
Tables and charts
This report includes 34 images and tables including:
- Key facts: Table 1
- Country Map
- Reserves and resources: Table 1
- Reserves and contingent resources at 01/01/2024
- Liquids and Gas Production 2021
- Net Acreage 2024
- 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
- Liquids production
- Production: Table 3
- Production: Table 4
- Gas production
- Infrastructure: Table 1
- Infrastructure: Table 2
- Argentina oil infrastructure map
- Fiscal terms
- Fiscal terms: Table 7
- Argentina basin geology
- Exploration drilling
- Drilling activity and commercial success rates
- Infrastructure: Table 3
- Argentine gas infrastructure map
- Capex forecast for Vaca Muerta projects
- Fiscal terms: Table 2
- Fiscal terms: Table 3
- Fiscal terms: Table 4
- Fiscal terms: Table 5
- Fiscal terms: Table 6
- Fiscal terms: Table 8
- Fiscal terms: Table 9
What's included
This report contains:
Other reports you may be interested in
Country Report
Argentina upstream summary slides
To complement our more detailed Argentina upstream summary we provide a slide-pack of the key issues in the country.
$2,700
Country Report
Austria upstream summary
A mature producer, with output in decline - Austria currently produces around 20,000 boe/d, split almost evenly between liquids and ...
$3,400
Country Report
Namibia upstream summary slides
Key highlights of Namibia's upstream sector.
$3,400
