Exploration, production and trading

Although these energy resources are essential for transportation, lighting and heating, discovering and developing such resources has become increasingly complex. Therefore, we work on a daily basis to overcome these challenges and we commit ourselves to provide cleaner, safer, more efficient and more accessible energy.

More than 45 years of presence and experience in Argentina

Some of the country’s most significant oil and gas reserves are located under the seabed. Developing such reserves entails facing several challenges, since offshore operations are technically complex and are conducted in remote areas, without infrastructure, and in particularly adverse weather conditions.

However, our exploration and production teams benefit from the experience acquired over more than four decades in the country, as well as the know-how that has made the TotalEnergies company one of the industry’s top offshore operators worldwide.

This allows us to be successful at the time of implementing and leading large projects. Thus, in Tierra del Fuego, we operate onshore field Ara-Cañadon Alfa and offshore fields Hidra, Kaus, Carina, Aries, Vega Pleyade and Fénix.

In the Neuquen Basin, we operates five blocks, including Aguada Pichana Este, San Roque, Pampa de Las Yeguas, Rincón la Ceniza and La Escalonada fields. In addition to conventional resources, these concessions include unconventional oil and gas exploration and production in Vaca Muerta shale formation.

Today, we continue carrying out an intense exploration and production activity. The economic and sustainable development of natural resources, respecting the highest standards of safety and environmental preservation, strengthens our commitment to a long-term strategic project designed to provide cleaner, safer and lasting energy to Argentina.

• First private producer of natural gas in Argentina 
• We operate approximately 25% of the gas production of the country ⁽¹⁾
• Operated production: 32 million m³/day of natural gas 
• Total operated production: 216 kboe/day ⁽²⁾

¹ Figures as of 06.30.24

² Kilo barrels of oil equivalent per day.

Reliability and low carbon energy for our customers

We market and dispatch our natural gas production, ensuring customer supply and maximizing the value of the production of TotalEnergies in Argentina. We also market gas produced by third parties who benefit from our vast knowledge of the market and our activities platform, enabling us to supplement and optimize the Company’s activities.

In Argentina, we supply natural gas to every market segment: residential and commercial, compressed natural gas stations, electric power stations and large, medium and small-sized industries. In addition, we play a key role in the energy integration of the Southern Cone Region, by being one of the leading exporters of gas to Chile and developing gas supply to Brazil from Argentina.

At present, we sell over 17 million cubic meters of gas per day from all producing basins, which accounts for approximately 12% of the total gas marketed in Argentina. Our extensive customer portfolio includes all natural gas distribution companies, electric power generators and leading industries throughout the country.

• Safe gas supply to our customers 24x7x365.
• 40 B2B customers.
• Over 17 Mm³ of gas marketed per day ⁽³⁾.
• +190 transactions per day.
• 12% of the domestic gas marketed in Argentina.

⁽³⁾ Figures as of Q4 of 2024, including Fénix.