LATIN AMERICA ADVISOR

Energy ADVISOR

A daily publication Of the dialogue

February 14, 2025

Can Argentina’s Oil and Gas Sector Sustain its Growth?

Hydrocarbon production surged last year in Argentina’s Vaca Muerta shale play. Oil output from the region was up by 30 percent last year relative to 2023 levels. // File Photo: Argentine Government.

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A

Tara Hariharan, managing director of global macro research at NWI Management LP: “Argentina enjoyed an 18-year high energy trade surplus last year of $5.67 billion, may soon surpass Colombia as South America’s third-largest crude producer and aspires to be a net energy exporter by 2031. This progress hinges on the world’s second-largest shale gas reserve and fourth-largest oil reserve, Vaca Muerta, where oil production quadrupled in the last five years to 400,000 barrels per day as of the third quarter of 2024 and is poised to hit one million barrels per day by end-2030. Deregulation has fueled $200 billion in investments since 2010 into Vaca Muerta, with $15 billion to $16 billion in investments plus $2 billion to $2.5 billion in inflows from RIGI investment incentives anticipated annually for…”

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ABOUT THE Energy ADVISOR

A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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Staff

Gene Kuleta
Editor
202.463.2920
gkuleta@thedialogue.org

Jack Quinn
Reporter

jquinn@thedialogue.org

Lori Rampani
Reporter

lrampani@thedialogue.org

board of advisors

Nigel Blackaby
Global Head, International Arbitration Group,
Freshfields Bruckhaus Deringer

Jimena Blanco
Chief Analyst,
Verisk Maplecroft

María José Cortés
Head of ESG,
Atlas Renewable Energy

Jeffrey Davidow
Senior Counselor,
The Cohen Group

Analia Gonzalez
Leader, Arbitration & Litigation,
Laitn America, BakerHostetler

Jonathan C. Hamilton
Partner,
White & Case

Raul Herrera
Partner, Corporate &
Securities Practice,
Arnold & Porter

James R. Jones
Chairman,
Monarch Global Strategies

Jorge Kamine
Partner, Corporate &
Financial Services,
Willkie Farr & Gallagher

Craig A. Kelly
Senior Director,
Int’l Government Relations,
Exxon Mobil

Jeremy Martin
Director,
Energy Program,
Institute of the Americas

Larry Pascal
Chairman, Americas
Practice Group,
Haynes & Boone

R. Kirk Sherr
President,
Clearview Strategy Group

Daniela Stevens
Director,
Energy Transition and Climate Program,
Inter-American Dialogue

Doris Rodríguez
Partner,
Hunton Andrews Kurth

Alexandra Valderrama
Director,
International Government
Affairs, Chevron

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