Argentina Oil and Gas Exploration and Production Industry Investment Opportunities, Analysis and Forecasts of All Active and Planned Exploration Blocks and Oil and Gas Fields to 2012

SUMMARY

Argentina Oil and Gas Exploration and Production Industry Investment Opportunities, Analysis and Forecasts of All Active and Planned Exploration Blocks and Oil and Gas Fields to 2012

Summary

This profile is the essential source for top-level industry data and information relating to the Exploration and Production industry in Argentina. It provides asset level information relating to the active and planned oil and gas fields and exploration blocks in Argentina. The profiles of the major companies operating in the upstream industry of Artgentina are also included in the report. The latest news and deals pertaining to the sector are also provided and analyzed.

Scope

• Updated information relating to all active and planned exploration blocks.
• Provides historical and forecast data and information for all the major operating and planned crude oil and natural gas fields.
• Details operators and equity partners of oil and gas fields and exploration blocks.
• Includes information relating to license round details, start and end dates, acreage, location, and reserves.
• Information on the top companies in the sector including business description, strategic analysis, and financial information.
• Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
• Key mergers and acquisitions, partnerships, private equity investments and IPOs.

Reasons to buy

• Obtain the most up to date information available on exploration licenses and oil and gas fields.
• Identify growth markets and opportunities in the industry.
• Facilitate market analysis and forecasting of future industry trends.
• Facilitate decision making on the basis of strong historic and forecast data data.
• Assess your competitor's exploration and production asset portfolio.
• Understand and respond to your competitors business structure, strategy and prospects.
• Develop strategies based on the latest operational, financial, and regulatory events.
• Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
• Identify and analyze the strengths and weaknesses of the leading companies.

TABLE OF CONTENTS

1 Table of Contents 2
1.1 List of Tables 8
1.2 List of Figures 11
2 Introduction 12
2.1 What Is This Report About? 12
2.2 How To Use This Report 12
2.3 Market Definition 12
3 Argentina, Country Snapshot 13
3.1 Argentina, Key Data 13
3.2 Argentina, Exploration And Production Assets Map 14
3.3 Argentina, Crude Oil & Natural Gas Reserves 15
4 Argentina, Crude Oil And Natural Gas Production 17
4.1 Argentina, Historical Crude Oil Production 17
4.2 Argentina, Historical Natural Gas Production 19
4.3 Argentina, Crude Oil And Natural Gas Producing Asset Details 21
4.4 Argentina, Crude Oil Production Assets by Area 42
4.5 Argentina, Natural Gas Production Assets by Area 51
4.6 Argentina, Crude Oil Production by Company 62
4.7 Argentina, Natural Gas Production by Company 64
5 Argentina, Crude Oil And Natural Gas Forecasts 66
5.1 Argentina, Forecasted Crude Oil Production 66
5.2 Argentina, Forecasted Natural Gas Production 66
6 Argentina, Exploration Block Details 67
6.1 Argentina, Total Number of Active Exploration Blocks 67
6.2 Argentina, Total Number of Active Exploration Blocks by Company 68
6.3 Argentina, Exploration Blocks Details 70
7 Repsol YPF, S.A. 75
7.1 Repsol YPF, S.A., Key Information 75
7.2 Repsol YPF, S.A., Company Overview 75
7.3 Repsol YPF, S.A., Business Description 75
7.3.1 Repsol YPF, S.A., Business Description, Business Overview 75
7.3.2 Repsol YPF, S.A., Business Description, Chemicals Segment 76
7.3.3 Repsol YPF, S.A., Business Description, Exploration and Production Segment 77
7.3.4 Repsol YPF, S.A., Business Description, Natural Gas and Power Segment 78
7.3.5 Repsol YPF, S.A., Business Description, Refining and Marketing Segment 79
7.3.6 Repsol YPF, S.A., Business Description, Major Products and Services 80
7.4 Repsol YPF S.A., Value Chain Analysis 82
7.4.1 Repsol YPF S.A., Value Chain Analysis, Upstream 82
7.4.2 Repsol YPF S.A., Value Chain Analysis, Midstream 83
7.4.3 Repsol YPF S.A., Value Chain Analysis, Downstream 84
7.4.4 Repsol YPF S.A., Value Chain Analysis, Retail 84
7.5 Repsol YPF, S.A., SWOT Analysis 85
7.5.1 Repsol YPF, S.A., SWOT Analysis, Overview 85
7.5.2 Repsol YPF, S.A., SWOT Analysis, Strengths 85
7.5.3 Repsol YPF, S.A., SWOT Analysis, Weaknesses 86
7.5.4 Repsol YPF, S.A., SWOT Analysis, Opportunities 87
7.5.5 Repsol YPF, S.A., SWOT Analysis, Threats 88
7.6 Repsol YPF,S.A., Revenue Analysis 90
7.6.1 Repsol YPF,S.A., Revenue Analysis, Revenue by Segment 90
7.6.2 Repsol YPF,S.A., Revenue Analysis, Revenue by Geography 90
7.7 Repsol YPF,S.A., Financial and Operational Review 92
7.7.1 Repsol YPF,S.A., Financial and Operational Review, Financial Statements 92
7.7.2 Repsol YPF,S.A., Financial and Operational Review, Financial Ratios 93
7.8 Repsol YPF,S.A., Operational Indicators 94
8 Petroleo Brasileiro S.A. 95
8.1 Petroleo Brasileiro S.A., Key Information 95
8.2 Petroleo Brasileiro S.A., Company Overview 95
8.3 Petroleo Brasileiro S.A., Business Description 95
8.3.1 Petroleo Brasileiro S.A., Business Description, Business Overview 95
8.3.2 Petroleo Brasileiro S.A., Business Description, Distribution 96
8.3.3 Petroleo Brasileiro S.A., Business Description, Exploration and Production 96
8.3.4 Petroleo Brasileiro S.A., Business Description, Gas and Energy 98
8.3.5 Petroleo Brasileiro S.A., Business Description, International 99
8.3.6 Petroleo Brasileiro S.A., Business Description, Supply 100
8.3.7 Petroleo Brasileiro S.A., Business Description, Major Products and Services 101
8.4 Petroleo Brasileiro S.A., Value Chain Analysis 103
8.4.1 Petroleo Brasileiro S.A., Value Chain Analysis, Upstream 103
8.4.2 Petroleo Brasileiro S.A., Value Chain Analysis, Midstream 105
8.4.3 Petroleo Brasileiro S.A., Value Chain Analysis, Downstream 105
8.4.4 Petroleo Brasileiro S.A., Value Chain Analysis, Retail 106
8.5 Petroleo Brasileiro S.A., SWOT Analysis 106
8.5.1 Petroleo Brasileiro S.A., SWOT Analysis, Overview 106
8.5.2 Petroleo Brasileiro S.A., SWOT Analysis, Strengths 107
8.5.3 Petroleo Brasileiro S.A., SWOT Analysis, Weaknesses 108
8.5.4 Petroleo Brasileiro S.A., SWOT Analysis, Opportunities 109
8.5.5 Petroleo Brasileiro S.A., SWOT Analysis, Threats 109
8.6 Petroleo Brasileiro S.A., Revenue Analysis 110
8.6.1 Petroleo Brasileiro S.A., Revenue Analysis, Revenue by Segment 110
8.6.2 Petroleo Brasileiro S.A., Revenue Analysis, Revenue by Geography 111
8.7 Petroleo Brasileiro S.A., Financial and Operational Review 112
8.7.1 Petroleo Brasileiro S.A., Financial and Operational Review, Financial Statements 112
8.7.2 Petroleo Brasileiro S.A., Financial and Operational Review, Financial Ratios 113
8.8 Petroleo Brasileiro S.A., Operational Indicators 114
9 Wintershall AG 115
9.1 Wintershall AG, Key Information 115
9.2 Wintershall AG, Company Overview 115
9.3 Wintershall AG, Business Description 115
9.3.1 Wintershall AG, Business Description, Business Overview 115
9.3.2 Wintershall AG, Business Description, Exploration and Production 116
9.3.3 Wintershall AG, Business Description, Natural Gas Trading 117
9.3.4 Wintershall AG, Business Description, Major Products and Services 118
10 Argentina Exploration and Production Industry, Financial Deals Landscape 119
10.1 Acquisition 119
10.1.1 YPF Sells Its 14.9% Stake For $2,235 Million 119
10.1.2 Franklin To Sell 51% Stake In Franklin Oil & Gas Bolivia And Franklin Oil & Gas, Argentina 120
10.2 Partnership 122
10.2.1 Petro Andina Forms Joint Venture With Pampetrol 122
10.2.2 Madalena, Hidenesa And Estrella Enter Into A Joint Venture Agreement 123
10.2.3 Petroleo Brasileiro Forms Joint Venture With Energia Argentina And Repsol 125
10.3 Asset Transactions 126
10.3.1 Surge Global Energy Sells Its 17.52% Interest In The Santa Rosa Property To Oromin Explorations 126
10.3.2 Noble Energy Completes The Sale Of Argentina Assets To Petrobras 128
10.3.3 Andes Energia Acquires 20% Interest In Corralera and Mata Mora blocks 129
10.3.4 Petrolifera Petroleum Acquires Interest In Puesto Guevara Block 130
10.3.5 Apco Argentina And Petrolera Entre Lomas Acquires Bajada del Palo Concession From Petrobras Energia And Petrouruguay 132
10.3.6 Pine Cliff Acquire 25% Interest In Neuquen Basin 134
10.3.7 Petrolifera Petroleum Acquires Interest In Vaca Mahuida Block 135
10.3.8 Petrolifera Petroleum Acquires Interest In Gobernador Ayala II Block 136
10.3.9 CanAmericas Acquires 49% Interest In Canadsn Ramirez Property 137
10.3.10 Petrobras Energia Acquires Stakes In Two Argentina Gas Fields From Conocophillips 138
10.3.11 Gran Tierra Acquires Property In Argentina 140
10.3.12 Apache Acquires Argentina Assets From Pioneer Natural Resources 141
10.3.13 Antrim Energy Acquires Oil And Natural Gas Assets In Argentina 143
10.3.14 Petroleo Brasileiro Acquires The Argentine Oil And Gas Operations Of Devon Energy 144
10.3.15 Alberta Energy Company Sells Its Interest In Properties In The Rio Negro Province To Chevron San Jorge 145
10.3.16 Gold Point Energy to Acquire 25% Working Interest in Capricorn License 147
10.3.17 CanAmericas Energy Acquires The Right To Earn A 60% Interest In San Jorge Basin Property 148
11 Argentina Exploration and Production Industry, Recent Developments 150
11.1 License Awards 150
11.1.1 May 06, 2008: Wintershall Wins New Exploration Licenses In Argentina 150
11.1.2 May 02, 2008: Oromin Wins Exploration Rights For Santa Project 150
11.1.3 Oct 01, 2007: Antrim Receives New Exploration Licence For Tres Nidos Sur Block In Argentina 151
11.2 Strategy and Business Expansion 151
11.2.1 Aug 07, 2008: Franklin And Epsur Sign LoI To Develop Oil Projects In Santa Cruz Province, Argentina 151
11.2.2 Nov 21, 2007: Total Gets Otway Exploration License In Chile 152
11.3 Recent Discoveries 152
11.3.1 Aug 05, 2008: Gran Tierra Encounters Good Oil Shows At Costayaco-5 In Colombia 152
11.3.2 May 08, 2008: Argenta Updates On LEDO x-2 Well In Loma El Divisadero Block 154
11.3.3 Jan 26, 2008: Pan American Discovers Oil Reserve In Southern Argentina 155
11.3.4 Dec 03, 2007: Petrolifera Discovers Oil At Puesto Morales, Argentina 155
11.4 Drilling and Production Updates 156
11.4.1 Jul 09, 2008: Antrim Drills Two Additional Gas Wells In Tierra del Fuego Concession, Argentina 156
11.4.2 Jun 04, 2008: Pine Cliff Updates On Drill Program In Argentina 156
11.4.3 Apr 16, 2008: Pine Cliff Updates On Operations In Argentina 157
11.4.4 Mar 24, 2008: Gran Tierra Initiates Testing Of Costayaco-3 And Drilling Of Costayaco-4 157
11.4.5 Feb 28, 2008: Petrolifera Updates On PME X-1001 Well 159
11.4.6 Feb 26, 2008: Argenta Discovers Oil In LEDO x-2 Well In Argentina 159
11.4.7 Jan 22, 2008: Antrim Provides Production Update 160
11.4.8 Jan 14, 2008: Petrolifera Reports 2007 Operations Updates 161
11.4.9 Dec 13, 2007: Apache Updates On Well At Tierra Del Fuego, Argentina 162
11.4.10 Dec 13, 2007: Antrim Provides Argentina Drilling Update 163
11.4.11 Dec 11, 2007: GP Energy Starts Drilling Lomas De Guayacan x-1 Well 163
11.4.12 Dec 05, 2007: GeoPark Updates On Drilling Activities In Chile And Argentina 163
11.4.13 Nov 26, 2007: GP Energy Provides Argentina Drilling Update 165
11.4.14 Nov 21, 2007: GP Energy Reports Sample Results From Pena Azul x-1 Well, Argentina 165
11.4.15 Oct 25, 2007: GP Energy Provides Drilling Update 165
11.4.16 Sep 10, 2007: Antrim Starts Drilling Program In Tierra del Fuego, Argentina 166
11.5 Other Significant Developments 166
11.5.1 Aug 19, 2008: Petrobras To Invest $500 Million On Santa Cruz Province, Argentina 166
11.5.2 Jul 29, 2008: Madalena Updates On Well Testing Operations In Argentina 166
11.5.3 Jul 11, 2008: Madalena Updates On Curamhuele Block, Argentina 167
11.5.4 Jul 10, 2008: Otto Energy Announces Independent Evaluation Points For Santa Rosa, Argentina 168
11.5.5 Jun 13, 2008: GP Energy Updates On LDG.x-1 Well 168
11.5.6 Jun 11, 2008: Antrim Updates On Tierra del Fuego Concession, Argentina 168
11.5.7 Jun 10, 2008: Petrolifera Provides Operational Update 169
11.5.8 Jun 03, 2008: Brownstone Updates On Vaca Mahuida Block 170
11.5.9 Mar 06, 2008: Petro Andina Appoints Director, Operations In Argentina 170
12 Appendix 171
12.1 Methodology 171
12.1.1 Coverage 172
12.1.2 Secondary Research 172
12.1.3 Primary Research 173
12.1.4 Forecasts 173
12.2 Key Economic Assumptions 175
12.3 Expert Panel Validation 176
12.4 Definitions 176
12.5 Unit of Measure 177
12.6 Disclosure information 178
12.7 Contact Us 178
12.8 About Global Markets Direct 178
12.9 Disclaimer 178

1.1 List of Tables
Table 1: Argentina, Oil and Gas, Key Statistics, April 2008 13
Table 2: Argentina, Total Crude Oil and Natural Gas Reserves, 2000-2012 16
Table 3: Argentina, Total Crude Oil Production (MMBBLs), 2000-2007 18
Table 4: Argentina, Total Natural Gas Production (MMCF), by Assets, 2000-2007 20
Table 5: Argentina, Oil and Gas Asset Details, April 2008 21
Table 6: Argentina, Oil and Gas Asset Details, April 2008 (Cont'd) 22
Table 7: Argentina, Oil and Gas Asset Details, April 2008 (Cont'd) 23
Table 8: Argentina, Oil and Gas Asset Details, April 2008 (Cont'd) 24
Table 9: Argentina, Oil and Gas Asset Details, April 2008 (Cont'd) 25
Table 10: Argentina, Oil and Gas Asset Details, April 2008 (Cont'd) 26
Table 11: Argentina, Oil and Gas Asset Details, April 2008 (Cont'd) 27
Table 12: Argentina, Oil and Gas Asset Details, April 2008 (Cont'd) 28
Table 13: Argentina, Oil and Gas Asset Details, April 2008 (Cont'd) 29
Table 14: Argentina, Oil and Gas Asset Details, April 2008 (Cont'd) 30
Table 15: Argentina, Oil and Gas Asset Details, April 2008 (Cont'd) 31
Table 16: Argentina, Oil and Gas Asset Details, April 2008 (Cont'd) 32
Table 17: Argentina, Oil and Gas Asset Details, April 2008 (Cont'd) 33
Table 18: Argentina, Oil and Gas Asset Details, April 2008 (Cont'd) 34
Table 19: Argentina, Oil and Gas Asset Details, April 2008 (Cont'd) 35
Table 20: Argentina, Oil and Gas Asset Details, April 2008 (Cont'd) 36
Table 21: Argentina, Oil and Gas Asset Details, April 2008 (Cont'd) 37
Table 22: Argentina, Oil and Gas Asset Details, April 2008 (Cont'd) 38
Table 23: Argentina, Oil and Gas Asset Details, April 2008 (Cont'd) 39
Table 24: Argentina, Oil and Gas Asset Details, April 2008 (Cont'd) 40
Table 25: Argentina, Oil and Gas Asset Details, April 2008 (Cont'd) 41
Table 26: Argentina, Oil and Gas Asset Details, April 2008 (Cont'd) 42
Table 27: Provincia De Chubut, Total Crude Oil Production (Barrels), by Assets, 2000-2007 42
Table 28: Provincia De Chubut, Total Crude Oil Production (Barrels), by Assets, 2000-2007 (Cont'd) 43
Table 29: Provincia De Formosa, Total Crude Oil Production (Barrels), by Assets, 2000-2007 43
Table 30: Provincia De Jujuy, Total Crude Oil Production (Barrels), by Assets, 2000-2007 43
Table 31: Provincia De La Pampa, Total Crude Oil Production (Barrels), by Assets, 2000-2007 44
Table 32: Provincia De Mendoza, Total Crude Oil Production (Barrels), by Assets, 2000-2007 44
Table 33: Provincia De Mendoza, Total Crude Oil Production (Barrels), by Assets, 2000-2007 (Cont'd) 45
Table 34: Provincia De Neuquen, Total Crude Oil Production (Barrels), by Assets, 2000-2007 45
Table 35: Provincia De Neuquen, Total Crude Oil Production (Barrels), by Assets, 2000-2007 (Cont'd) 46
Table 36: Provincia De Neuquen, Total Crude Oil Production (Barrels), by Assets, 2000-2007 (Cont'd) 47
Table 37: Provincia De Rio Negro, Total Crude Oil Production (Barrels), by Assets, 2000-2007 47
Table 38: Provincia De Salta, Total Crude Oil Production (Barrels), by Assets, 2000-2007 48
Table 39: Provincia De Santa Cruz, Total Crude Oil Production (Barrels), by Assets, 2000-2007 48
Table 40: Provincia De Santa Cruz, Total Crude Oil Production (Barrels), by Assets, 2000-2007 (Cont'd) 49
Table 41: Provincia De Santa Cruz, Total Crude Oil Production (Barrels), by Assets, 2000-2007 (Cont'd) 50
Table 42: Provincia De Tierra Del Fuego, Total Crude Oil Production (Barrels), by Assets, 2000-2007 50
Table 43: Provincia Del Neuquen, Total Crude Oil Production (Barrels), by Assets, 2006-2007 50
Table 44: Provincia De Chubut, Total Natural Gas Production (MMCF), by Assets, 2000-2007 51
Table 45: Provincia De Formosa, Total Natural Gas Production (MMCF), by Assets, 2000-2007 52
Table 46: Provincia De Jujuy, Total Natural Gas Production (MMCF), by Assets, 2000-2007 52
Table 47: Provincia De La Pampa, Total Natural Gas Production (MMCF), by Assets, 2000-2007 52
Table 48: Provincia De Mendoza, Total Natural Gas Production (MMCF), by Assets, 2000-2007 53
Table 49: Provincia De Mendoza, Total Natural Gas Production (MMCF), by Assets, 2000-2007 (Cont'd) 53
Table 50: Provincia De Neuquen, Total Natural Gas Production (MMCF), by Assets, 2000-2007 54
Table 51: Provincia De Neuquen, Total Natural Gas Production (MMCF), by Assets, 2000-2007 (Cont'd) 55
Table 52: Provincia De Neuquen, Total Natural Gas Production (MMCF), by Assets, 2000-2007 (Cont'd) 56
Table 53: Provincia De Rio Negro, Total Natural Gas Production (MMCF), by Assets, 2000-2007 57
Table 54: Provincia De Salta, Total Natural Gas Production (MMCF), by Assets, 2000-2007 58
Table 55: Provincia De Santa Cruz, Total Natural Gas Production (MMCF), by Assets, 2000-2007 58
Table 56: Provincia De Santa Cruz, Total Natural Gas Production (MMCF), by Assets, 2000-2007 (Cont'd) 59
Table 57: Provincia De Santa Cruz, Total Natural Gas Production (MMCF), by Assets, 2000-2007 (Cont'd) 60
Table 58: Provincia De Tierra Del Fuego, Total Natural Gas Production (MMCF), by Assets, 2000-2007 60
Table 59: Provincia Del Neuquen, Total Natural Gas Production (MMCF), by Assets, 2000-2007 61
Table 60: Argentina, Total Crude Oil Production (MMBBLs), by Company, 2000-2007 62
Table 61: Argentina, Total Crude Oil Production (MMBBLs), by Company, 2000-2007 (Cont'd) 63
Table 62: Argentina, Total Natural Gas Production (BCF), by Company, 2000-2007 64
Table 63: Argentina, Total Natural Gas Production (BCF), by Company, 2000-2007 (Cont'd) 65
Table 64: Argentina, Total Crude Oil Production (MMBBLs), Forecast, 2008-2013 66
Table 65: Argentina, Total Natural Gas Production (BCF), Forecast, 2008-2013 66
Table 66: Argentina, Total Number of Active Exploration Blocks, 2000-2007 67
Table 67: Argentina, Total Number of Active Exploration Blocks by Company 68
Table 68: Argentina, Total Number of Active Exploration Blocks By Company, 2000-2007 (Cont'd) 69
Table 69: Argentina, Oil and Gas Exploration Blocks Details, April 2008 70
Table 70: Argentina, Oil and Gas Exploration Blocks Details, April 2008 (Cont'd) 71
Table 71: Argentina, Oil and Gas Exploration Blocks Details, April 2008 (Cont'd) 72
Table 72: Argentina, Oil and Gas Exploration Blocks Details, April 2008 (Cont'd) 73
Table 73: Argentina, Oil and Gas Exploration Blocks Details, April 2008 (Cont'd) 74
Table 74: Repsol YPF, S.A., Key Facts, 2007 75
Table 75: Repsol YPF, S.A., SWOT Analysis , 2007 85
Table 76: Repsol YPF, S.A., Revenue by Segment, Euro Million, 2002-2006 90
Table 77: Repsol YPF, S.A., Revenue by Geography, Euro Million, 2002-2006 91
Table 78: Repsol YPF, S.A., Financial Statements, Euro Million, 2002-2006 92
Table 79: Repsol YPF, S.A., Financial Ratios, Euro Million, 2002-2006 93
Table 80: Repsol YPF, S.A. Operational Indicators, 2003-2007 94
Table 81: Petroleo Brasileiro S.A., Key Facts, 2007 95
Table 82: Petroleo Brasileiro S.A., SWOT Analysis , 2007 107
Table 83: Petroleo Brasileiro S.A., Revenue by Segment, USD Million, 2002-2006 111
Table 84: Petroleo Brasileiro S.A., Revenue by Geography, USD Million, 2002-2006 111
Table 85: Petroleo Brasileiro S.A., Financial Statements, USD Million, 2002-2006 112
Table 86: Petroleo Brasileiro S.A., Financial Ratios, USD Million, 2002-2006 113
Table 87: Petroleo Brasileiro S.A. Operational Indicators, 2003-2007 114
Table 88: Wintershall AG, Key Facts, 2005 115
Table 89: Brent Blend NYMEX Future Prices 175

1.2 List of Figures
Figure 1: Argentina, Exploration and Production Assets Map, April 2008 14
Figure 2: Argentina, Total Crude Oil Production (MMBBLs), 2000-2007 17
Figure 3: Argentina, Total Natural Gas Production (MMCF), 2000-2007 19
Figure 4: Argentina, Total Number of Active Exploration Blocks, 2000-2007 67
Figure 5: Repsol YPF, S.A., Value Chain Analysis 82
Figure 6: Petroleo Brasileiro S.A., Value Chain Analysis 103
Figure 7: Global Markets Direct Methodology 171