The Superintendent of Occupational Risks has recognized Chevron Argentina for achieving work environment standards that meet and surpass those required by law. The Argentina Oil and Gas Institute recognized Chevron in 2016 with its annual Safety Award for our outstanding safety performance, an award the company also received in 2011. Oil production in Argentina is an important source of employment and generates revenue for the federal and provincial governments.Ĭhevron employees demonstrate a strong commitment to high-quality work and safe operations. ![]() ![]() We are a significant partner in the nation’s economy. In 1999, Chevron increased its presence in Argentina with the purchase of Petrolera Argentina San Jorge S.A., a company with a history of successful exploration in the Neuquén Basin. After the deregulation of the oil and gas market in 1989, Chevron affiliates expanded exploration, production and marketing operations. Drilling activity completed in third quarter 2020, and first oil was achieved in October 2020.Įvaluation of the nonoperated Narambuena Block continued with a four-well appraisal program in 2020, with first oil achieved in November 2020.Īs of early 2021, Chevron was awaiting government approval on an exploration license for the 90 percent-owned and operated Loma del Molle Norte Block, consisting of 43,000 net acres (174 sq km) adjacent to the El Trapial concession.Ĭhevron began selling automotive fuels in Argentina in the first half of the 20th century and started exploring for oil in the 1980s. The company uses waterflood operations to mitigate declines at the operated El Trapial Field and continues to evaluate the potential of the Vaca Muerta Shale with an eight-well appraisal program. Seventeen horizontal wells were drilled in 2020. Nonoperated development activities continued in 2020 on the Loma Campana concession in the Vaca Muerta Shale, with four rigs. In addition, Chevron holds a 50 percent nonoperated interest in the Loma Campana and Narambuena concessions covering 73,000 net acres (295 sq km) in the thick, laterally extensive, liquids-rich Vaca Muerta Shale. The concession has both conventional production potential and Vaca Muerta Shale potential. holds a 100 percent-owned and operated interest in the El Trapial concession, which covers 111,000 net acres (450 sq km). businessportfolioĭuring 2020, net daily production in Argentina averaged 21,000 barrels of crude oil and 24 million cubic feet of natural gas.Ĭhevron Argentina S.R.L. ![]() Both are operated by YPF, an Argentine energy company.Ĭhevron Argentina supports social investment programs that promote education, health and economic development in the communities where the company operates. Also in 2014, Chevron affiliates signed agreements to join an exploration project for shale oil in the Narambuena Block in the Chihuido de la Sierra Negra concession, which is also in the Vaca Muerta Shale. In 2014, Chevron announced agreements to continue development, through another subsidiary, of shale oil and gas resources at the Loma Campana Field in the Vaca Muerta formation in Neuquén province. Expanded waterflood operations are sustaining oil output at the El Trapial Field, and the company is exploring for unconventional oil and gas resources in the Vaca Muerta Shale. is the eighth-largest producer of oil in the country, with concessions in the Neuquén Basin. ![]() Chevron produces crude oil and natural gas in Argentina through our wholly owned subsidiary Chevron Argentina S.R.L.Ĭhevron Argentina S.R.L.
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