The Argentina oil and gas upstream market size is projected to expand at a CAGR of 2.20% between 2025 and 2034.
The Argentina oil and gas upstream market growth is driven by rising exploration and extraction of shale gas reserves, the support provided by the government to boost production in this sector, and the increased demand for energy. A key development that had a major impact on the market was the discovery and subsequent exploitation of the Vaca Muerta shale formation, one of the most significant stockpiles of fossil gas on a global scale. This formation holds vast reserves of shale oil and gas, which has attracted substantial investments from global companies like ExxonMobil, Chevron, and Shell. With the growing government focus on making Argentina an energy exporter, shale gas reserves like the Vaca Muerta with enormous oil and gas deposits have been identified as a key part of the transition.
Furthermore, the oil and gas industry in Argentina is witnessing a rise in technological advancements that are enhancing safety, efficiency, and the extraction of unconventional resources. Techniques like horizontal drilling, 3D seismic imaging, and hydraulic fracturing have transformed the way shale oil and gas are extracted. These innovations not only enhance resource identification accuracy but also streamline drilling processes, leading to cost reductions and improved productivity. The integration of IoT is expected to further boost the market growth by enabling remote monitoring and control of drilling activities, thereby minimising downtime and enhancing operational efficiency.
Additionally, the Argentine government has taken proactive steps to establish a conducive atmosphere for investment and growth in the upstream industry. This involves implementing tax incentives, exemptions, and subsidies to entice both local and international investors. Additionally, initiatives to simplify regulatory procedures and accelerate permit approvals help minimise barriers and expand the Argentina oil and gas upstream market share.
Market Segmentation
“Argentina Oil and Gas Upstream Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Location
- Onshore
- Offshore
The market players are focusing on increasing exploration and production activities and improving their operations by leveraging advanced technologies like AI, automation, and remote monitoring
- Exxon Mobil Corporation
- BP plc
- Chevron Corporation
- TotalEnergies SE
- Equinor ASA
- Tullow Oil plc
- Techint Group
- Pan American Energy S.L
- Others
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Latin America Oil and Gas Upstream Market Overview
- 5.1 Key Industry Highlights
- 5.2 Latin America Oil and Gas Upstream Historical Market (2018-2024)
- 5.3 Latin America Oil and Gas Upstream Market Forecast (2025-2034)
- 5.4 Latin America Oil and Gas Upstream Market Share by Country
- 5.4.1 Brazil
- 5.4.2 Mexico
- 5.4.3 Argentina
- 5.4.4 Others
- 6 Argentina Oil and Gas Upstream Market Overview
- 6.1 Key Industry Highlights
- 6.2 Argentina Oil and Gas Upstream Historical Market (2018-2024)
- 6.3 Argentina Oil and Gas Upstream Market Forecast (2025-2034)
- 7 Argentina Oil and Gas Upstream Market by Location
- 7.1 Onshore
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Offshore
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 8 Market Dynamics
- 8.1 SWOT Analysis
- 8.1.1 Strengths
- 8.1.2 Weaknesses
- 8.1.3 Opportunities
- 8.1.4 Threats
- 8.2 Porter’s Five Forces Analysis
- 8.2.1 Supplier’s Power
- 8.2.2 Buyers Powers
- 8.2.3 Threat of New Entrants
- 8.2.4 Degree of Rivalry
- 8.2.5 Threat of Substitutes
- 8.3 Key Indicators for Demand
- 8.4 Key Indicators for Price
- 9 Competitive Landscape
- 9.1 Supplier Selection
- 9.2 Key Global Players
- 9.3 Key Regional Players
- 9.4 Key Player Strategies
- 9.5 Company Profiles
- 9.5.1 Exxon Mobil Corporation
- 9.5.1.1 Company Overview
- 9.5.1.2 Product Portfolio
- 9.5.1.3 Demographic Reach and Achievements
- 9.5.1.4 Certifications
- 9.5.2 BP plc
- 9.5.2.1 Company Overview
- 9.5.2.2 Product Portfolio
- 9.5.2.3 Demographic Reach and Achievements
- 9.5.2.4 Certifications
- 9.5.3 Chevron Corporation
- 9.5.3.1 Company Overview
- 9.5.3.2 Product Portfolio
- 9.5.3.3 Demographic Reach and Achievements
- 9.5.3.4 Certifications
- 9.5.4 TotalEnergies SE
- 9.5.4.1 Company Overview
- 9.5.4.2 Product Portfolio
- 9.5.4.3 Demographic Reach and Achievements
- 9.5.4.4 Certifications
- 9.5.5 Equinor ASA
- 9.5.5.1 Company Overview
- 9.5.5.2 Product Portfolio
- 9.5.5.3 Demographic Reach and Achievements
- 9.5.5.4 Certifications
- 9.5.6 Tullow Oil plc
- 9.5.6.1 Company Overview
- 9.5.6.2 Product Portfolio
- 9.5.6.3 Demographic Reach and Achievements
- 9.5.6.4 Certifications
- 9.5.7 Techint Group
- 9.5.7.1 Company Overview
- 9.5.7.2 Product Portfolio
- 9.5.7.3 Demographic Reach and Achievements
- 9.5.7.4 Certifications
- 9.5.8 Pan American Energy S.L
- 9.5.8.1 Company Overview
- 9.5.8.2 Product Portfolio
- 9.5.8.3 Demographic Reach and Achievements
- 9.5.8.4 Certifications
- 9.5.9 Others
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