Upstream activity in Argentina has waned in recent years, and explorers have shifted their focus away from oil towards the country’s lucrative gas prospects, according to a range of official and unofficial data.
Total upstream investment in Argentina slipped by nearly 11% year on year in 2016, according to energy ministry data. Exploration-focused investments were also down nearly 20% year on year. Last year also saw the lowest number of wells completed in Argentina since the government started publishing comprehensive records in...
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