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The Argentina oil and gas upstream market size is projected to expand at a CAGR of 2.20% between 2024 and 2032.
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.
“Argentina Oil and Gas Upstream Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Location
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
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Location |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Oil and Gas Upstream Market Overview
8.1 Key Industry Highlights
8.2 Latin America Oil and Gas Upstream Historical Market (2018-2023)
8.3 Latin America Oil and Gas Upstream Market Forecast (2024-2032)
8.4 Latin America Oil and Gas Upstream Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Others
9 Argentina Oil and Gas Upstream Market Overview
9.1 Key Industry Highlights
9.2 Argentina Oil and Gas Upstream Historical Market (2018-2023)
9.3 Argentina Oil and Gas Upstream Market Forecast (2024-2032)
10 Argentina Oil and Gas Upstream Market by Location
10.1 Onshore
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Offshore
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyers Powers
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Exxon Mobil Corporation
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 BP plc
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Chevron Corporation
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 TotalEnergies SE
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Equinor ASA
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Tullow Oil plc
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Techint Group
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Pan American Energy S.L
12.2.8.1 Company Overview
12.2.8.2 Product Portfolio
12.2.8.3 Demographic Reach and Achievements
12.2.8.4 Certifications
12.2.9 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Oil and Gas Upstream Market: Key Industry Highlights, 2018 and 2032
2. Argentina Oil and Gas Upstream Market: Key Industry Highlights, 2018 and 2032
3. Argentina Oil and Gas Upstream Historical Market: Breakup by Location (USD Billion), 2018-2023
4. Argentina Oil and Gas Upstream Market Forecast: Breakup by Location (USD Billion), 2024-2032
5. Argentina Oil and Gas Upstream Market Structure
The market is projected to grow at a CAGR of 2.20% between 2024 and 2032.
The market is driven by increasing energy demands, active government initiatives aimed at promoting oil and gas production and transportation, and increasing international collaborations.
The key trends aiding the market expansion include the progression of technology in production and extraction methods, coupled with a rise in domestic oil and gas consumption.
The major types of locations in the market are onshore and offshore.
The key players in the market are Exxon Mobil Corporation, BP plc, Chevron Corporation, TotalEnergies SE, Equinor ASA, Tullow Oil plc, Techint Group, and Pan American Energy S.L, among others.
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