YPF led operator rankings with 319,700 barrels per day, followed by Vista at 79,200 barrels, Shell at 33,000 barrels, and Pan American Energy at 27,000 barrels. Production increases originated primarily from the El Trapial Este, La Angostura Sur I, Bajada del Palo Este, La Amarga Chica, and Narambuena areas. In gas production, Fortín de Piedra led accumulated volumes with 40,650 million cubic meters, followed by Aguada Pichana Este at 19,067 million cubic meters.
Energy exports totaled USD 1,554 million in April 2026, representing an 85.9% annual increase. The export surge resulted from a 20.6% rise in volumes and a 10.8% increase in prices, according to INDEC data. Total Argentine exports reached USD 8,914 million, up 33.6% year-on-year, while imports declined 4% to USD 6,204 million, reflecting a 7.7% reduction in quantities despite a 4.1% price increase.
The Bolsa de Comercio de Rosario projects Argentina could reach 54.5 million cubic meters of oil production in 2026, marking a 16% increase over 2025 and surpassing the 1998 historical maximum. Unconventional production is expected to grow approximately 28% while conventional extraction continues declining at 4% annually, with a cumulative 41% reduction since 2016. Shale oil currently represents nearly 70% of national production, fundamentally reshaping Argentina’s energy matrix.
A swap agreement between YPF and Pluspetrol repositioned assets to support the LNG Argentina project, which targets 12 million tons of annual liquefied natural gas exports. The project involves YPF, Eni, and ADNOC, with financing arrangements anticipated in the first half of 2026.
This article was curated and published as part of our South American energy market coverage.
Discover more from Nyland South Energy
Subscribe to get the latest posts sent to your email.
