2024 new style oil mill machine in Argentina

Argentina: 2024 would close with a 37% growth in oilseed

  • 2024 new style oil mill machine in Argentina
  • 2024 new style oil mill machine in Argentina
  • 2024 new style oil mill machine in Argentina
  • 2024 new style oil mill machine in Argentina

Argentina's Oil Revolution: Vaca Muerta Shale

Argentina continues to ramp up oil production

Argentina’s Oil Production Surges As Political Instability Soars

Argentina Latest oil and gas news Upstream Online

  • What is Argentina's outlook for crude oil production in 2023?
  • We have become increasingly upbeat in our outlook for Argentina's crude oil production, as shale oil production outperforms. In 2023, crude oil production grew by 8.7% y-o-y, surpassing our forecast of 6.2% y-o-y, primarily due to stronger-than-expected performance in Q423.
  • Will YPF double oil production in 2028?
  • YPF expects to double crude oil production and be pumping 30% more natural gas by the end of 2028. Argentina’s national oil company is the Vaca Muerta’s largest landholder and the country’s main hydrocarbon producer accounting for half of all oil production and 27% of national natural gas output.
  • How much shale oil does Argentina produce a day?
  • Government data for November 2023 shows shale oil output grew by a stunning 29% year over year to 344,749 barrels per day, comprising 52% of Argentina’s total production against 45.5% a year earlier. Indeed, a month prior, shale oil, for the first time ever, made up more than 50% of Argentina’s total petroleum output.
  • Does Argentina have an oil and natural gas boom?
  • Despite this chaos, Argentina’s unconventional oil and natural gas boom is gaining momentum, with production hitting new highs. The key driver of Argentina’s once-in-a-lifetime oil boom is the Vaca Muerta shale formation situated in the Neuquén Basin, which lies in Patagonia.

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