
Exploration & Production (‘E&P’)
Pampa is one of the leading hydrocarbon E&P companies in Argentina, with a presence in the country’s major basins, from which it obtains natural gas and crude oil. As of second quarter of 2023 (Q2 23):
- The production level reached 67.3 thousand boe/d (barrels of oil equivalent per day), corresponding 92% to natural gas and 8% to crude oil
- The 10.6 million m3 per day of natural gas production mainly comes from ‘El Mangrullo’, ‘Rincón del Mangrullo’, ‘Río Neuquén’ and ‘Sierra Chata’ blocks and it was sold at an average price of US$4.7/million BTU
Moreover, Pampa’s total proven reserves (‘P1’), developed and undeveloped, as of December 31, 2022 is 179 million boe, corresponding 94% to natural gas and 6% to liquids. These P1 reserves are 100% located in Argentina, being 61% developed and 39% undeveloped:
Proved reserves category (‘P1’) | Crude oil, condensate and NGL (in thousand barrels) |
Natural gas (in million cubic feet) |
Total (in million boe) |
% of gas |
Proved developed | 7,722 | 613,505 | 110 | 93% |
Proved undeveloped | 3,214 | 396,987 | 69 | 95% |
Total proved reserves | 10,937 | 1,010,492 | 179 | 94% |
The following table summarizes the E&P’s main technical indicators for the continuing operations:
Technical Data | Q2 22 | Q2 23 |
Number of productive wells in Argentina | 895 | 815 |
Average gas production in Argentina (thousand m3/day) | 10,118 | 10,577 |
Average oil production in Argentina (thousand bbl/day) | 5.1 | 5.1 |
Total average production in Argentina (thousand boe/day) | 64.6 | 67.3 |
Average gas price in US$/million BTU | 4.4 | 4.7 |
Average oil price in US$/bbl | 72.6 | 65.1 |
Notes: Q2 22: second quarter 2022.
Conversion chart
Product | From | To | Calculation | Converter |
Crude oil | m3 | bbl | X | 6.28981 |
Gas | million m3 | million standard cubic feet | X | 35.31466247 |
Gas | million standard cubic feet | thousand boe | / | 6 |
Gas | million m3 | BTU | / | 27.096344 |
Productive Blocks in Argentina
Exploratory Blocks in Argentina