Market Size of Argentina Oil and Gas Upstream Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 3.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Argentina Oil and Gas Upstream Market Analysis
The market for oil and gas upstream in Argentina is expected to record a CAGR of more than 3.5% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Currently, the market has reached pre-pandemic levels.
- Over the medium term, factors such as increasing natural gas consumption and the development of shale gas reserves are expected to boost the growth of the Argentinian oil and gas upstream market during the forecast period.
- On the other hand, as most of the fields are in the maturing phase, oil and gas production is expected to decline in the coming years.
- The country's government is focusing on increasing natural gas production, which is expected to create vast opportunities for oil and gas players in the future.
