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
| 02 May 25 |
Argentina: Harbour Energy takes FID for the Southern Energy FLNG export project in Argentina. Harbour Energy and its partners – Pan American Energy, YPF, Pampa Energia and Golar LNG – have taken Final Investment Decision (FID) for the Southern Energy floating liquefied natural gas (FLNG) export project in Argentina. |
| 28 Apr 25 |
Argentina: Archer announces renewed contract and reduced activity in the south of Argentina Archer announces that Pan American Energy is renewing the contracts for 9 pulling units and 8 workover units working in the south of Argentina. In parallel, Archer announces reduced activity in the region. |
| 21 Apr 25 |
Argentina: Vista Energy announces the acquisition of Petronas Argentina Vista Energy Argentina has acquired 100% of the capital stock of Petronas E&P Argentina S.A. ('PEPASA'), which holds a 50% working interest in La Amarga Chica unconventional concession ('LACh'), located in Vaca Muerta, Argentina, from Petronas Carigali Canada and Petronas Carigali International E&P. |
| 14 Apr 25 |
Argentina: Eni and YPF sign a Memorandum of Understanding for the joint evaluation of a phase of the Argentina LNG project Eni and YPF have signed a Memorandum of Understanding to evaluate Eni's participation in the Argentina LNG project, promoted by YPF. |
| 06 Jan 25 |
Argentina: Tecnicas Reunidas wins engineering and management contract for the Vaca Muerta project VMOS SA, a company owned by YPF, the largest company in the Argentine energy sector, has awarded Técnicas Reunidas the contract to carry out engineering and management services related to the development of the Vaca Muerta project, the large deposit that extends over 30,000 sq kms in several provinces in central Argentina. |
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
