1 Table of Contents 2
1.1 List of Tables 7
1.2 List of Figures 9
2 Argentina Exploration And Production Sector 10
2.1 Argentina, Key Data 10
2.2 Argentina, Exploration And Production Assets Map 10
2.3 Argentina Exploration and Production Sector, Production 11
2.3.1 Argentina Exploration and Production Sector, Crude Oil-Historical Production 11
2.3.2 Argentina Exploration and Production Sector, Natural Gas-Historical Production 12
2.3.3 Argentina Exploration and Production Sector, Crude Oil Production by Assets 13
2.3.4 Argentina Exploration and Production Sector, Natural Gas Production by Assets 21
2.3.5 Argentina Exploration and Production Sector, Crude Oil Production by Company 34
2.3.6 Argentina Exploration and Production Sector, Natural Gas Production by Company 37
2.4 Argentina Exploration and Production Sector, Forecasts 40
2.4.1 Argentina Exploration and Production Sector, Crude Oil Forecasted Production 40
2.4.2 Argentina Exploration and Production Sector, Natural Gas Forecasted Production 46
2.4.3 Argentina Exploration and Production Sector, Crude Oil Gross Revenue Forecast 51
2.4.4 Argentina Exploration and Production Sector, Natural Gas Gross Revenue Forecast 57
2.4.5 Argentina Exploration and Production Sector, Government Take Forecast of Crude Oil Assets 63
2.4.6 Argentina Exploration and Production Sector, Government Take Forecast of Natural Gas Assets 69
2.4.7 Argentina Exploration and Production Sector, Contractor Take Forecast of Crude Oil Assets 74
2.4.8 Argentina Exploration and Production Sector, Contractor Take Forecast of Natural Gas Assets 80
2.5 Argentina Exploration And Production Sector, Asset Details 85
2.5.1 Argentina Exploration And Production Sector, Active Crude Oil Asset Details 85
2.5.2 Argentina Exploration And Production Sector, Active Natural Gas Asset Details 89
2.6 Argentina Exploration And Production Sector, Exploration 93
2.6.1 Argentina Exploration And Production Sector, Total Active Exploration Blocks 93
2.6.2 Argentina Exploration And Production Sector, Active Exploration Blocks by Company 93
2.6.3 Argentina Exploration And Production Sector, Exploration Details 95
3 Profile of Repsol YPF, S.A. 97
3.1 Repsol YPF, S.A., Key Information 97
3.2 Repsol YPF, S.A., Company Overview 97
3.3 Repsol YPF, S.A., Business Description 97
3.3.1 Repsol YPF, S.A., Business Description, Business Overview 97
3.3.2 Repsol YPF, S.A., Business Description, Downstream 98
3.3.3 Repsol YPF, S.A., Business Description, Gas Natural SDG 100
3.3.4 Repsol YPF, S.A., Business Description, LNG 100
3.3.5 Repsol YPF, S.A., Business Description, Upstream 101
3.3.6 Repsol YPF, S.A., Business Description, YPF 103
3.4 Repsol YPF, S.A., SWOT Analysis 103
3.4.1 Repsol YPF, S.A., SWOT Analysis, Overview 103
3.4.2 Repsol YPF, S.A., SWOT Analysis, Strengths 104
3.4.3 Repsol YPF, S.A., SWOT Analysis, Weaknesses 106
3.4.4 Repsol YPF, S.A., SWOT Analysis, Opportunities 106
3.4.5 Repsol YPF, S.A., SWOT Analysis, Threats 107
3.5 Repsol YPF, S.A., Revenue Analysis 108
3.5.1 Repsol YPF, S.A., Revenue by Segment 108
3.5.2 Repsol YPF, S.A., Revenue by Geography 109
3.6 Repsol YPF, S.A., Financial and Operational Review 110
3.6.1 Financial Statements 110
3.6.2 Financial Ratios 111
4 Profile of Petroleo Brasileiro S.A. 112
4.1 Petroleo Brasileiro S.A., Key Information 112
4.2 Petroleo Brasileiro S.A., Company Overview 112
4.3 Petroleo Brasileiro S.A., Business Description 112
4.3.1 Petroleo Brasileiro S.A., Business Description, Business Overview 112
4.3.2 Petroleo Brasileiro S.A., Business Description, Distribution 113
4.3.3 Petroleo Brasileiro S.A., Business Description, Exploration and Production 114
4.3.4 Petroleo Brasileiro S.A., Business Description, Gas and Energy 115
4.3.5 Petroleo Brasileiro S.A., Business Description, International 117
4.3.6 Petroleo Brasileiro S.A., Business Description, Supply 118
4.4 Petroleo Brasileiro S.A., SWOT Analysis 120
4.4.1 Petroleo Brasileiro S.A., SWOT Analysis, Overview 120
4.4.2 Petroleo Brasileiro S.A., SWOT Analysis, Strengths 121
4.4.3 Petroleo Brasileiro S.A., SWOT Analysis, Weaknesses 121
4.4.4 Petroleo Brasileiro S.A., SWOT Analysis, Opportunities 122
4.4.5 Petroleo Brasileiro S.A., SWOT Analysis, Threats 123
4.5 Petroleo Brasileiro S.A., Revenue Analysis 124
4.5.1 Petroleo Brasileiro S.A., Revenue by Segment 124
4.5.2 Petroleo Brasileiro S.A., Revenue by Geography 125
4.6 Petroleo Brasileiro S.A., Financial and Operational Review 126
4.6.1 Financial Statements 126
4.6.2 Financial Ratios 127
5 Profile of Chevron Corporation 128
5.1 Chevron Corporation, Key Information 128
5.2 Chevron Corporation, Company Overview 128
5.3 Chevron Corporation, Business Description 128
5.3.1 Chevron Corporation, Business Description, Business Overview 128
5.3.2 Chevron Corporation, Business Description, Chemicals 129
5.3.3 Chevron Corporation, Business Description, Downstream 129
5.3.4 Chevron Corporation, Business Description, Others 131
5.3.5 Chevron Corporation, Business Description, Upstream Segment 132
5.4 Chevron Corporation, SWOT Analysis 134
5.4.1 Chevron Corporation, SWOT Analysis, Overview 134
5.4.2 Chevron Corporation, SWOT Analysis, Strengths 135
5.4.3 Chevron Corporation, SWOT Analysis, Weaknesses 136
5.4.4 Chevron Corporation, SWOT Analysis, Opportunities 137
5.4.5 Chevron Corporation, SWOT Analysis, Threats 138
5.5 Chevron Corporation, Revenue Analysis 139
5.5.1 Chevron Corporation, Revenue by Segment 139
5.5.2 Chevron Corporation, Revenue by Geography 140
5.6 Chevron Corporation, Financial and Operational Review 141
5.6.1 Financial Statements 141
5.6.2 Financial Ratios 142
6 Financial Deals Landscape 143
6.1 Detailed Deal Summary 143
6.1.1 Rumored Deals 143
6.1.2 Acquisition 145
6.1.3 Debt Offerings 146
6.1.4 Partnerships 147
6.1.5 Asset Transactions 149
7 Recent Developments 165
7.1 License Awards 165
7.1.1 Jul 27, 2009: Apco Oil and Gas Receives Concession Extensions From Neuquen Province, Argentina 165
7.1.2 Jul 16, 2009: Americas Petrogas Signs Agreement With Government Of La Pampa Province In Argentina 166
7.2 Strategy and Business Expansion 166
7.2.1 Aug 13, 2009: CNPC To Accelerate Acquisitions In Latin America, Africa 166
7.2.2 Mar 29, 2009: PetroVietnam Signs Partnership Agreement With ENARSA 167
7.3 Recent Discoveries 167
7.3.1 Feb 24, 2009: Madalena Ventures Announces Oil Discovery At Coiron Amargo Exploration Block In Neuquen, Argentina 167
7.4 Drilling and Production Updates 168
7.4.1 Aug 31, 2009: Crown Point Ventures Concludes The Second Well Of Its Argentina Program As A Potential Oil Well 168
7.4.2 Aug 21, 2009: YPF's Crude Output Hit By Pay Strike 169
7.4.3 Aug 06, 2009: Apache To Drill Four Wells On Guanaco, Ranquil Co Fields In Argentina 169
7.4.4 Aug 04, 2009: Crown Point Ventures Concludes Drilling First Well In San Jorge Basin, Argentina 170
7.4.5 Jul 28, 2009: Otto Energy Provides Argentina Drilling Program Update 170
7.4.6 Jul 28, 2009: Oromin Explorations To Plug And Abandon OLE.MD.SRE X-2001 Well In Santa Rosa Prospect, Argentina 171
7.4.7 Jul 20, 2009: Crown Point Ventures Starts Argentine Drilling Program 171
7.4.8 Jul 16, 2009: Oromin Explorations Commences Drilling OLE.MD.SRE X-2001 Well In Santa Rosa Dome Prospect, Argentina 172
7.4.9 Jul 08, 2009: Oromin Explorations Announces Drilling Mobilization At Santa Rosa, Argentina 172
7.4.10 Jul 02, 2009: Otto Energy Provides Drilling Operations Update 172
7.4.11 Jun 29, 2009: Gran Tierra Energy Begins Production Testing At Costayaco-8 Well In Colombia 173
7.4.12 Jun 23, 2009: Crown Point Ventures To Commence Initial Three Well Argentine Drilling Program In El Valle Field 174
7.4.13 Jun 16, 2009: Otto Energy Updates On Its Drilling Programs In Turkey, Italy And Argentina 175
7.4.14 Jun 15, 2009: Gran Tierra Energy Temporarily Reduces Production Operations In Putumayo Basin, Colombia 176
7.4.15 Jun 08, 2009: Argenta Oil & Gas Announces Drilling Results Of LEDO e4 Well In Argentina 176
7.5 Financial Announcements 177
7.5.1 Mar 16, 2009: Apco Argentina Reports 2008 Results 177
7.6 Other Significant Developments 178
7.6.1 Aug 12, 2009: Antrim Energy Provides H1 2009 Operations Update 178
7.6.2 Aug 11, 2009: Gran Tierra Energy Provides Q2 2009 Operations Update 180
7.6.3 Jul 29, 2009: Madalena Ventures Completes 3D Seismic Program In Argentina 184
7.6.4 Jul 22, 2009: Otto Energy Provides Operations Update 184
7.6.5 Jul 15, 2009: Otto Energy Provides Operations Update 185
7.6.6 Jun 25, 2009: Otto Energy Provides Operations Update 185
7.6.7 Jun 16, 2009: Pan American Energy To Invest $80 Million In Argentina 187
7.6.8 Jun 10, 2009: Otto Energy Updates On Its Drilling Programs In Turkey, Italy And Argentina 187
7.6.9 Jun 08, 2009: Repsol Consortium To Explore For Oil Off Argentina, Falklands 188
8 Appendix 189
8.1 Methodology 189
8.1.1 Coverage 190
8.1.2 Secondary Research 191
8.1.3 Primary Research 191
8.1.4 E&P Forecasts 191
8.1.5 Midstream Forecasts 193
8.1.6 Expert Panel Validation 193
8.2 Contact Us 193
8.3 About GlobalData 194
8.4 Disclaimer 194
1.1 List of Tables
Table 1: Argentina, Oil and Gas Key Statistics, 2008 10
Table 2: Argentina, Total Crude Oil Production(MMBBLs),2001-2008 11
Table 3: Argentina, Total Natural Gas Production(MMcf),2001-2008 12
Table 4: Argentina, Crude Oil Production (MMBBLs), by Assets, 2001-2008 13
Table 5: Argentina, Crude Oil Production (MMBBLs), by Assets, 2001-2008 (Contd.) 14
Table 6: Argentina, Crude Oil Production (MMBBLs), by Assets, 2001-2008 (Contd.) 15
Table 7: Argentina, Crude Oil Production (MMBBLs), by Assets, 2001-2008 (Contd.) 16
Table 8: Argentina, Crude Oil Production (MMBBLs), by Assets, 2001-2008 (Contd.) 17
Table 9: Argentina, Crude Oil Production (MMBBLs), by Assets, 2001-2008 (Contd.) 18
Table 10: Argentina, Crude Oil Production (MMBBLs), by Assets, 2001-2008 (Contd.) 19
Table 11: Argentina, Crude Oil Production (MMBBLs), by Assets, 2001-2008 (Contd.) 20
Table 12: Argentina, Natural Gas Production (MMcf), by Assets, 2001-2008 21
Table 13: Argentina, Natural Gas Production (MMcf), by Assets, 2001-2008 (Contd.) 22
Table 14: Argentina, Natural Gas Production (MMcf), by Assets, 2001-2008 (Contd.) 23
Table 15: Argentina, Natural Gas Production (MMcf), by Assets, 2001-2008 (Contd.) 24
Table 16: Argentina, Natural Gas Production (MMcf), by Assets, 2001-2008 (Contd.) 25
Table 17: Argentina, Natural Gas Production (MMcf), by Assets, 2001-2008 (Contd.) 26
Table 18: Argentina, Natural Gas Production (MMcf), by Assets, 2001-2008 (Contd.) 27
Table 19: Argentina, Natural Gas Production (MMcf), by Assets, 2001-2008 (Contd.) 28
Table 20: Argentina, Natural Gas Production (MMcf), by Assets, 2001-2008 (Contd.) 29
Table 21: Argentina, Natural Gas Production (MMcf), by Assets, 2001-2008 (Contd.) 30
Table 22: Argentina, Natural Gas Production (MMcf), by Assets, 2001-2008 (Contd.) 31
Table 23: Argentina, Natural Gas Production (MMcf), by Assets, 2001-2008 (Contd.) 32
Table 24: Argentina, Natural Gas Production (MMcf), by Assets, 2001-2008 (Contd.) 33
Table 25: Argentina, Crude Oil Production (MMBBLs), by Company, 2001-2008 34
Table 26: Argentina, Natural Gas Production (MMcf), by Company, 2001-2008 37
Table 27: Argentina, Crude Oil Production (MMBBLs), Forecast by Assets, 2009-2014 40
Table 28: Argentina, Natural Gas Production (MMcf), Forecast by Assets, 2009-2014 46
Table 29: Argentina, Forecasted Crude Oil Assets-wise Gross Revenue(000'$), 2009-2014 51
Table 30: Argentina, Forecasted Natural Gas Assets-wise Gross Revenue(000'$), 2009-2014 57
Table 31: Argentina, Projected Crude Oil Assets-wise Government Take(000'$), 2009-2014 63
Table 32: Argentina, Projected Natural Gas Assets-wise Government Take(000'$), 2009-2014 69
Table 33: Argentina, Projected Crude Oil Assets-wise Contractor Take(000'$), 2009-2014 74
Table 34: Argentina, Projected Natural Gas Assets-wise Contractor Take(000'$), 2009-2014 80
Table 35: Argentina, Major Oil Field Assets Details 85
Table 36: Argentina, Major Gas Field Assets Details 89
Table 37: Argentina, Total Active Exploration Blocks, 2001-2008 93
Table 38: Argentina, Exploration Active Blocks by Company, 2001-2008 93
Table 39: Argentina, Oil and Gas Exploration Details 95
Table 40: Repsol YPF, S.A., Key Facts 97
Table 41: Repsol YPF, S.A., SWOT Analysis 104
Table 42: Repsol YPF, S.A., Revenue by Segment, Euro Million, 2003-2007 109
Table 43: Repsol YPF, S.A., Revenue by Geography, Euro Million, 2003-2007 109
Table 44: Repsol YPF, S.A., Financial Statements, Euro Million, 2003-2007 110
Table 45: Repsol YPF, S.A., Financial Ratios, Euro Million, 2003-2007 111
Table 46: Petroleo Brasileiro S.A., Key Facts 112
Table 47: Petroleo Brasileiro S.A., SWOT Analysis 120
Table 48: Petroleo Brasileiro S.A., Revenue by Segment, USD Million, 2003-2007 124
Table 49: Petroleo Brasileiro S.A., Revenue by Geography, USD Million, 2003-2007 125
Table 50: Petroleo Brasileiro S.A., Financial Statements, USD Million, 2003-2007 126
Table 51: Petroleo Brasileiro S.A., Financial Ratios, USD Million, 2003-2007 127
Table 52: Chevron Corporation, Key Facts 128
Table 53: Chevron Corporation, SWOT Analysis 134
Table 54: Chevron Corporation, Revenue by Segment, USD Million, 2003-2007 139
Table 55: Chevron Corporation, Revenue by Geography, USD Million, 2003-2007 140
Table 56: Chevron Corporation, Financial Statements, USD Million, 2003-2007 141
Table 57: Chevron Corporation, Financial Ratios, USD Million, 2003-2007 142
Table 58: ONGC Videsh Plans To Acquire Stake In YPF From Repsol 143
Table 59: Franklin To Sell 51% Stake In Franklin Oil & Gas Bolivia And Franklin Oil & Gas, Argentina 145
Table 60: Transportadora de Gas del Sur Completes Public Offering Of $500 Million 146
Table 61: Petro Andina Forms Joint Venture With Pampetrol 147
Table 62: Madalena, Hidenesa And Estrella Enter Into A Joint Venture Agreement 148
Table 63: New Times Group Receives Approval To Acquire 60% Interest In Argentina Oilfield 149
Table 64: Franklin Mining Completes Sale Of Energy Assets 150
Table 65: Otto Energy Enters Into A Farmin Agreement With Oromin Explorations 151
Table 66: Pluris Energy To Acquire Cerro Negro Concession From Clear 152
Table 67: Surge Global Energy Sells Its 17.52% Interest In The Santa Rosa Property To Oromin Explorations 153
Table 68: Noble Energy Completes The Sale Of Argentina Assets To Petrobras 154
Table 69: Andes Energia Acquires 20% Interest In Corralera and Mata Mora blocks 155
Table 70: Petrolifera Petroleum Acquires Interest In Puesto Guevara Block 156
Table 71: Apco Argentina And Petrolera Entre Lomas Acquires Bajada del Palo Concession From Petrobras Energia And Petrouruguay 157
Table 72: Ragusa Capital to acquire certain assets in Argentina 158
Table 73: Pine Cliff Acquire 25% Interest In Neuquen Basin 159
Table 74: Petrolifera Petroleum Acquires Interest In Vaca Mahuida Block 160
Table 75: Petrolifera Petroleum Acquires Interest In Gobernador Ayala II Block 161
Table 76: CanAmericas Acquires 49% Interest In Canadsn Ramirez Property 162
Table 77: CanAmericas Energy Acquires The Right To Earn A 60% Interest In San Jorge Basin Property 163
Table 78: Petrobras Energia Acquires Stakes In Two Argentina Gas Fields From Conocophillips 164
1.2 List of Figures
Figure 1: Argentina, Exploration and Production Assets Map, 2008 10
Figure 2: Argentina, Total Crude Oil Production(MMBBLs), 2001-2008 11
Figure 3: Argentina, Total Natural Gas Production(MMcf), 2001-2008 12
Figure 4: GlobalData Methodology 190