904,000 barrels per day in May set a new monthly oil-production record for Argentina, up 19.6% from a year earlier and about 1.2% from April.
Vaca Muerta drove the increase, supplying 69% of national output as shale development and transport buildout keep lifting volumes.
US$20.8 billion across 469 Argentine oil and gas projects is being tracked, while major producers including YPF, Pluspetrol and Vista have pledged billions more to expand upstream capacity.
1.5 million bpd is YPF’s forecast for Argentina from 2031 onward, a level that would require added export infrastructure including the VMOS pipeline planned for 550,000 bpd and potentially 700,000 bpd.
US$11 billion in hydrocarbon exports in 2025 could rise to US$25 billion-US$30 billion a year by 2030, strengthening Argentina’s role as a non-Middle East crude supplier.