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
| 14 Aug 26 |
Argentina LNG submits application for RIGI approval Argentina LNG, the integrated liquefied natural gas (LNG) project promoted by YPF, Eni and XRG, has submitted its application to join Argentina’s Large Investment Incentive Regime (RIGI), supporting the development of a large-scale LNG export project leveraging the resources of the Vaca Muerta formation. |
| 12 Aug 26 |
Argentina: Third hydraulic fracturing set strengthens Tenaris capabilities in Vaca Muerta, Argentina Tenaris has successfully started operations of its third hydraulic fracturing set in Vaca Muerta, one of the world's largest shale oil and gas reservoirs, located in Neuquén, Argentina. |
| 13 Jul 26 |
Argentina: Archer awarded additional super-spec rig contract in Vaca Muerta Archer has announced the award of an additional five-year contract, with two one-year extension options, from YPF for a super-spec drilling rig to its Vaca Muerta fleet. The contract has an estimated value of approx. USD 90 million over the firm contract period and further strengthens Archer’s long-term position in one of the world’s most active unconventional shale developments. |
| 10 Jul 26 |
Argentina: Archer awarded additional super-spec rig contract in Vaca Muerta Archer has announced the award of an additional five-year contract, with two one-year extension options, from YPF for a super-spec drilling rig to its Vaca Muerta fleet. The contract has an estimated value of approx. USD 90 million over the firm contract period and further strengthens Archer's long-term position in one of the world's most active unconventional shale developments. |
| 29 Jun 26 |
Argentina: Eni enters the upstream of the Argentina LNG integrated project Eni has signed the Sale and Purchase Agreement (SPA) for the acquisition of a 32% interest in three upstream blocks (Meseta Buena Esperanza, Aguada Villanueva, and Las Tacanas), which are part of the unconventional Vaca Muerta basin, in 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
