ARGENTINA

(in South America)

CAPITAL: BUENOS AIRES

POPULATION: 40 mm

AREA (on): 2,766,900 km2

OIL PEAK: 1998

SUPPLY

Oil production in Argentina, which mostly comes from a series of basins that run north-south through the west of the country, peaked in 1998, and is projected to continue declining.

Gas production, from both associated and non-associated fields in the same areas and also from offshore waters in the south, is flat and unable to meet all the gas markets developing in the population centres.

 

DEMAND

Oil demand in Argentina declined from 1998 after the country was beset by a serious recession but rose again rapidly from 2003 to 2008. A much lower rate of growth is forecast for the next few years, especially as exports are declining year by year.

Gas consumption also declined after 1998 but picked up again in 2003. Growth is likely to continue provided gas can be sourced from neighbouring countries. Net imports are expected to begin in 2009 after gas exports to Chile, Uruguay and Brazil all ceased.

  

 
 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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