{"id":166400,"date":"2025-08-30T15:45:11","date_gmt":"2025-08-30T15:45:11","guid":{"rendered":"https:\/\/teknomers.com\/en\/argentinas-oil-production-has-reached-its-highest-level-in-26-years\/"},"modified":"2025-08-30T15:45:13","modified_gmt":"2025-08-30T15:45:13","slug":"argentinas-oil-production-has-reached-its-highest-level-in-26-years","status":"publish","type":"post","link":"https:\/\/teknomers.com\/en\/argentinas-oil-production-has-reached-its-highest-level-in-26-years\/","title":{"rendered":"Argentina’s oil production has reached its highest level in 26 years."},"content":{"rendered":"\n
\n<\/picture>
File photo: A worker looks at a drilling platform in Vaca Muerta, in the Patagonian province of Neuqu\u00e9n, Argentina, on January 21, 2019. Reuters\/Agustin Mariaran\/File Photo<\/figcaption><\/div>\n

The \u00a0very high productivity\u00a0 of Vaca Muerta, a geological formation of \u00a0\u201cunconventional\u201d hydrocarbons\u00a0 with its epicenter in Neuqu\u00e9n, led Argentina to achieve record-breaking oil production figures. In July, the country reported an impressive \u00a0807,127 barrels per day\u00a0\u2014the highest output since \u00a01999\u00a0, according to recent data released by the National Ministry of Energy. This development signifies a notable triumph, surpassing the last record set during Carlos Menem’s second presidency and closing in on the all-time high of \u00a0853,829 barrels per day\u00a0, achieved in \u00a0May 1998\u00a0.<\/p>\n

Remarkably, production in July was up \u00a017.9%\u00a0 compared to the same month in the previous year. Vaca Muerta alone contributed \u00a0508,800 barrels per day\u00a0, accounting for nearly \u00a063%\u00a0 of Argentina’s total production and a staggering \u00a096%\u00a0 of Neuqu\u00e9n’s oil output. Additionally, the region broke records in \u00a0natural gas\u00a0 production, exceeding \u00a0159 million cubic meters per day\u00a0\u2014a \u00a010.5%\u00a0 increase from the same month in 2024. This surge can be attributed to enhanced transport capacity, notably the completion of compressor plants on the \u00a0Perito Moreno gas pipeline\u00a0, which had previously constrained Vaca Muerta\u2019s production capabilities. The \u00a0\u201cShale Gas\u201d\u00a0 segment from the Neuquina formation contributed an impressive \u00a091 million cubic meters\u00a0, equating to \u00a057%\u00a0 of the gas produced across all of Argentina’s gas basins.<\/p>\n

Graphic representations illustrate the robust performance of the “unconventional” sector as conventional gas and oil production undergoes a steady decline. The \u00a0Institute of Energy of the Universidad Austral\u00a0 provided a monthly report illustrating the increasing dominance of the \u00a0Neuquina basin\u00a0 in the country\u2019s hydrocarbon production landscape over the past \u00a015 years\u00a0.<\/p>\n

\n\"Infographics\"\n<\/div>\n

This remarkable achievement can be traced back to the extraordinary productivity of the \u00a0Jurassic-era\u00a0 geological formation initially described by American geologist \u00a0Charles Edwin Weaver\u00a0 in \u00a01931\u00a0. The ongoing exploration and extraction efforts have significantly contributed to Argentina\u2019s commercial surplus. According to a report from an economy and energy consultancy, Argentina’s total exports rose \u00a04.6%\u00a0 in the first seven months of the year, while imports surged \u00a031.7%\u00a0. The resulting surplus stood at \u00a0USD 3,751 million\u00a0, based on the latest figures from \u00a0INDEC\u00a0. Particularly noteworthy is the rise in energy exports, which increased by \u00a08%\u00a0, while imports for this sector fell by \u00a023%\u00a0, leading to an impressive energy balance of \u00a0USD 3,959 million\u00a0. Without this energy trade surplus, Argentina’s overall commercial balance would reflect a deficit of \u00a0USD 208 million\u00a0 within the same period.<\/p>\n

For the first time in this century, in July, oil production exceeded \u00a0800,000 barrels per day\u00a0, marking a monumental shift from the dominance of conventional production methods seen in the late 20th century.<\/p>\n

\n\"Infographics\"\n<\/div>\n

Recent data from \u00a0OIL PRODUCTION CONSULTING\u00a0, based on the Ministry of Energy\u2019s figures, showcases the dominant role of the Neuquina basin in hydrocarbon production. While other basins, such as Austral for gas and San Jorge Gulf for oil, contribute to production, their impact pales in comparison to Neuqu\u00e9n’s contributions. Over the last decade, the emergence of Vaca Muerta has effectively counterbalanced the decline of conventional production methods, pioneering an increase of over \u00a01,000%\u00a0 in the unconventional sector since \u00a02015\u00a0. This remarkable growth has also led to significant increases in oil royalties for the province of \u00a0Neuqu\u00e9n\u00a0, generating fiscal income exceeding \u00a0USD 4 million per day\u00a0 for the region.<\/p>\n


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General News – 2<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

File photo: A worker looks at a drilling platform in Vaca Muerta, in the Patagonian province of Neuqu\u00e9n, Argentina, on January 21, 2019. Reuters\/Agustin Mariaran\/File Photo The \u00a0very high productivity\u00a0 of Vaca Muerta, a geological formation of \u00a0\u201cunconventional\u201d hydrocarbons\u00a0 with its epicenter in Neuqu\u00e9n, led Argentina to achieve record-breaking oil production figures. In July, the […]<\/p>\n","protected":false},"author":1,"featured_media":166401,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[10641,1751,1044,645,1678,7629,45],"class_list":["post-166400","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mazagine","tag-argentinas","tag-highest","tag-level","tag-oil","tag-production","tag-reached","tag-years"],"_links":{"self":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts\/166400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/comments?post=166400"}],"version-history":[{"count":0,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts\/166400\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/media\/166401"}],"wp:attachment":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/media?parent=166400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/categories?post=166400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/tags?post=166400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}