Argentina Oil And Gas Profile
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Argentina News
Introduction
- Argentina is South America's largest natural gas producer and a significant producer of oil. However, the heavily regulated energy sector includes policies that limit the industry's attractiveness to private investors while shielding consumers from rising prices. Consequently, demand for energy in Argentina's rapidly growing economy continues to rise while production of both oil and gas are in decline – leading Argentina to depend increasingly upon energy imports.
History
- 2002 - First gas flow through the Gran Gasoducto Del Sur Parana Uruguayana Pipeline
Regulation
- On December 29, 2004, the National Law Nº 25.943 was passed, regulating the oil & gas sectors
Upstream
- The Loma La Lata field, operated by YPF, considered one of the largest gas deposits in the Americas with an area of over 39,000 km2, is situated in the Province of Neuquén.
Active Companies
- YPF Explores and produces in Argentina in the Neuquen basin, Cuyo, Gulf of San Jorge, Austral and Northeast with annual oil production in 2006 exceeded 246 million barrels equivalent of oil and gas.
- Apache currently have operations in the Provinces of Neuquén, Rio Negro, Tierra del Fuego and Mendoza.
- Madalena has three blocks, Coiron Amargo, Cortadera, and Curamhuele are located in the Neuquén Basin and contain approximately 278,000 acres of exploration area.
Crude Oils
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Midstream
- The Gran Gasoducto Del Sur Parana Uruguayana Pipeline transports natural gas from Argentina to Uruguay
LNG
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Downstream
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Relevant Links
page revision: 8, last edited: 16 May 2012 14:34
