Vaca Muerta’s Export Potential
Through the development of the Vaca Muerta geological formation, we are helping to drive Argentina's growth and future. It is the second largest gas reserve and fourth largest oil reserve in the world. Projections indicate that Argentina could double its crude oil production in the coming years, reaching one million barrels per day. This expansion is forecasted to generate approximately $18 billion USD in annual exports by 2026, contributing to an estimated $12.5 billion USD energy trade surplus. Furthermore, Argentina's natural gas potential positions the country to achieve energy self-sufficiency and become a strategic player in the global energy transition, helping decarbonize economies worldwide. Argentina could rapidly become a stable regional gas exporter to the region, particularly to Chile and Brazil, with the potential to become a global supplier through future LNG plant development.