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 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 0 25219

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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