South America / GoM
Country profile: Argentina
| Location: | Southern South America, bordering the South Atlantic Ocean, between Chile and Uruguay,0,0,0 |
| Climate: | mostly temperate; arid in southeast; subantarctic in southwest |
| Terrain: | rich plains of the Pampas in northern half, flat to rolling plateau of Patagonia in south, rugged Andes along western border |
| Size: | 2766890 sq. km total (Land area: 2736690 sq. km Water area: 30200 sq.km) |
| Population: | 40,677,348 (July 2008 est.) |
| Languages: | Spanish (official), Italian, English, German, French |
| Government: | republic |
| Capital city: | Buenos Aires |
| Legal system: | mixture of US and West European legal systems; has not accepted compulsory ICJ jurisdiction |
| Currency: | Argentine peso (ARS) |
| Licensing: |
Country profile
Argentina is one of South America’s largest economies. Argentina’s gross domestic product (GDP) grew by 8.4 percent in 2006 and 7.9 percent in 2007. This high level of economic growth has led to a corresponding increase in the demand for energy, especially natural gas. In contrast to the increase in demand, domestic production of oil and natural gas have stagnated and exports have declined. The imbalance between rising domestic energy demand and falling energy production has reportedly lead to sporadic shortages of electricity and natural gas, such as in June 2007, when the country experienced unusually-cold weather.
Energy production and consumption
| Oil | Gas | |
| Production: | 801,700 bbl/day (2005 est.) | 43 billion cu m (2005 est.) |
| Consumption: | 480,000 bbl/day (2005 est.) | 38 billion cu m (2005 est.) |
| Exports: | 367,600 bbl/day (2004) | 6 billion cu m (2005 est.) |
| Imports: | 21,650 bbl/day (2004) | 1 billion cu m (2005) |
| Reserves: | 2 billion bbl (2007 est.) | 512 billion cu m (1 January 2006 est.) |
| Major fields: |
Argentina - recent news
| 29 Aug 25 |
Argentina: Archer announces renewed contracts with Pan American Energy in Argentina Archer has announced that Pan American Energy is renewing two drilling contracts in Vaca Muerta. The contracts are in direct continuation of the existing contract and have been renewed for two years. The estimate the contract value is around $60 million. |
| 06 Aug 25 |
Argentina: TotalEnergies divests its interest in two Vaca Muerta unconventional blocks TotalEnergies has announced that its affiliate Total Austral has signed an agreement with YPF SA for the sale of its 45% operated interest in two unconventional oil and gas blocks in Argentina, Rincon La Ceniza and La Escalonada, for an amount of USD 500 million at a valuation of around 10,000 USD/acre. |
| 06 Aug 25 |
Argentina: Southern Energy reaches FID for the charter of Golar’s 3.5MTPA MK II FLNG to Argentina Golar LNG has announced that Southern Energy has reached Final Investment Decision for the charter of Golar’s 3.5MTPA MK II FLNG. The FLNG, currently under conversion in China, will sail to Argentina following her redelivery, with contract start-up expected during 2028. |
| 09 Jun 25 |
Argentina: Eni and YPF sign agreement for participation at the Argentina LNG project Eni and Argentina's leading energy company YPF have signed an agreement for the Argentina LNG (ARGLNG) project. Argentina LNG is a large-scale integrated, upstream and midstream gas development project designed to develop the resources of the onshore 'Vaca Muerta' field and serve international markets. |
| 04 Jun 25 |
Argentina: Vestas announces 102 MW order in Argentina Vestas has announced a 102 MW order in Argentina as part of its Q2 order intake. Delivery and commissioning are planned for the fourth quarter of 2026. |
Argentina - more news
Other countries in this region
- Aruba,
- Bahamas,
- Barbados,
- Belize,
- Bermuda,
- Bolivia,
- Brazil,
- Canada,
- Chile,
- Colombia,
- Costa Rica,
- Cuba,
- Dominican Republic,
- Ecuador,
- Falklands,
- French Guiana,
- Grenada,
- Guatemala,
- Gulf of Mexico,
- Guyana,
- Honduras,
- Jamaica,
- Mexico,
- Nicaragua,
- Panama,
- Paraguay,
- Peru,
- Suriname,
- Trinidad,
- Uruguay,
- USA,
- Venezuela
