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Pan American Energy (PAE) is a company dedicated to oil and natural gas exploration and production activities in Argentina, Bolivia y Chile.
With a management based on operational excellence, continuous innovation and financial efficiency, balanced with the human, economic and environmental development, PAE has become the second largest producer of hydrocarbons in Argentina.
Between 2001 and 2011, the company:
 Invested USD 7.6 billion in its hydrocarbon exploration and production, the highest rate in the oil industry in Argentina.
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Expanded its market share: in 2011, the company produced 20% of daily oil production and 18% of daily natural gas production in the country.
Increased 44% its oil production, from 80,000 to 114,000 barrels per day and 100% its natural gas production, going from 10,000 to 20,000 m3 per day.
Increased its proved oil and gas reserves in Argentina. In 2011, the company recorded 1,393 million barrels of oil equivalent (70% oil and 30% gas).
Maintained a reserve replacement rate of 175%, the highest in the Argentinean industry.
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