Argentina’s explorers chase gas, not oil

Upstream activity has waned in Argentina, according to ministry data. But the numbers tell another story – it is more gas-focused than ever before
By Chris Noon 27 March 2017

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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