Americas: Production

July 2017

The continued interest of the supermajors in the Vaca Muerta shale play will support Argentina’s gas production.

The government of Argentina expects $6-8 billion to be invested in Vaca Muerta during 2017. In June, Pan American Energy – a subsidiary of BP – announced to spend almost $400 million on exploration and production in the acreage this year. This followed an announcement by Total in April that the French major had increased its stake in its Aguada Pichana licence in Vaca Muerta and was starting development there. Argentina’s marketed gas output rose by 5.2% on an annual basis in 2016, to 42.3 bcm. GGA expects it to increase to 44 bcm in 2017.

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up