Highly prospective acreage, a strong competitive landscape and supportive pricing dynamics will help the Argentine O&G sector offset losses from aggressive clawbacks in industry spending. The core Neuquén shale province will continue in its growth trajectory, while more peripheral shale formations will take longer to grow amid increased austerity on the part of developers.
Latest Updates And Key Forecasts
We forecast real GDP to grow by 2.9% in 2017. Argentina's economic recovery is coming into focus, led by record agricultural harvests and infrastructure investment. The economy exited recession in Q117, expanding 0.3% y-o-y. Growth continued to pick up in Q217 in line with our view, with monthly activity expanding 4.0% y-o-y in June,