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Golfo San Jorge

This is the largest hydrocarbon-producing basin. Because of our operations, the province of Chubut has become the main producer of this hydrocarbon.

Cerro Dragón

This is our main asset, and Argentina’s largest oilfield.

We took on the challenge to operate Cerro Dragón seeking to increase production and surpassing the expected indicators in terms of reserve replacement.

Anticlinal Funes, Piedra Clavada and Koluel Kayke

We operate these three blocks, located in the provinces of Chubut and Santa Cruz, which are developed thanks to the application of the most advanced techniques for mature fields.

Estancia La Escondida, with a 25%, we participate in the development of this area located in the north of San Jorge Gulf Basin.

Cerro Dragón is the largest hydrocarbon-producing block in Argentina
In 2016, our work in this basin produced the 19% of the oil produced in the country
In 2015, we produced 98,000 barrels of oil per day in Golfo San Jorge Basin, 41% more than in 2001
Cerro Dragón is the third largest gas producing block in Argentina
In 2016, we produced 9 million m3 of gas per day, three times more than in 2001
90% of our facilities in Cerro Dragón are automated
70% of the wells in Cerro Dragón produce oil and gas using secondary recovery techniques
Cerro Dragón is 17 times the size of Capital Federal
We have more than 3,700 production wells in the area
Neuquina Basin
We have operated this basin for the past 40 years, building upon the work of our predecessor, Bridas. Thanks to the promising resources coming from unconventional reservoirs (shale y tight), this basin is now held up as an example of innovation throughout the country and the world.
Lindero Atravesado

This block, with an area of 509 km2, gained additional momentum in 2013 with the development of unconventional reservoirs reaching depths of up to 4, 500 meters.

PAE operates the areas, with a 62.5% participating interest, while YPF has the remaining 37.5%.

Currently, and after more than 1.1 billion dollars invested, we achieved a sevenfold increase in gas production within this block.

The development of this block requires different areas of the company to come together:
New Exploration Developments
In 2015 we conducted a 3D seismic campaign that covered 650 km2.
Drilling Program
The project involves drilling 104 new wells.
Surface Facilities
A significant plan was put in place to design and start up new surface facilities and to refurbish the existing ones in order to increase oil production:
  • Three new gas compression plants.
  • A new gas treatment plant.
  • A new battery.
  • A new, 23km-long gas pipeline.
Bandurria Centro
The Bandurria joint-venture, initially formed by YPF, Wintershall and PAE was subdivided in 2015 in three blocks: north, center and south. PAE operates Bandurria Centro, a block with an area of 130 km2. The presence of hydrocarbons in unconventional reservoirs will be the focus of an ambitious exploratory plan, with an estimated investment of 300 million dollars until 2019.
Aguada Cánepa
Together with partner Gas y Petróleo del Neuquén S.A. (GyP), in 2015 PAE developed a project to explore and eventually produce hydrocarbons in this block.
Aguada Pichana and Aguada San Roque

Aguada Pichana and Aguada San Roque are, respectively, the third and fourth largest gas production blocks in Argentina. Together they produced 13 million m3 of gas per day in 2015. PAE is one of the partners in the consortium that has operated these blocks since 1994.

In Aguada Pichana, the company is developing a program to drill multiple-fracture horizontal tight gas wells, at a depth of approximately 2,000 meters. Meanwhile, in San Roque, the company drilled a vertical tight gas well, which is currently in the appraisal stage.

Moreover, since 2011, exploration has been conducted at Vaca Muerta to analyze shale gas and shale oil prospects. In Aguada Pichana, a pilot shale gas project was developed in 2013, and the first well started producing in 2015, with promising results. In San Roque, we have so far drilled delineation wells to determine the presence of oil and liquefied gas.

Noroeste Basin
This is one of the most challenging areas in the northwest of the country, not only because of the extreme depth of the reservoirs but also because of the complex orographic and geological factors. This fact is compounded by the presence of Yungas, which are highly sensitive to the surrounding environment.

Here, we operate Acambuco, a block formed by Macueta and San Pedrito gasfields, in conjunction with our partners.

MAC-1004 well

is the first well that produces hydrocarbons on two formations at the same time thanks to smart completion, i.e. it uses independent valves that regulate the water flow in each reservoir..

14 month

Duration of the project.


Persons worked on it.

620.000 m3

Increased the daily production.


Increased the production in this area.


We have a 52%

share in the block. YPF (22.5%), O&G (22.5%), Northwest Argentina (1.5%) and APCO Argentina (1.5%) are the other shareholders

5.700 meters

is the depth reached by some wells in the San Pedrito and Macueta blocks. The objective is to reach the reservoirs at Icla, Santa Rosa and Huamampampa formations


millions m3 of natural gas were produced per day in 2015, 100% more than in 2001
Marina Austral Basin

This is the largest gas basin in Argentina, which provides most of the country’s natural gas, serving as its main source of energy. The fields are found both onshore and offshore, and this implies the use of specific technologies to extract hydrocarbons located beneath the seabed. Here we are part of the CMA-1 Consortium, which operates some of the most promising fields, and we are currently at the beginning of the exploration stage.

Carina and Aries
Located 40 km and 80 km offshore Tierra del Fuego, respectively, these two gas fields are today the largest gas blocks in the country
Cañadón Alfa
Located to the north of the province of Tierra del Fuego, this block is found both onshore and offshore
Vega Pléyade
This project will have a production capacity of up to 10 million m3 of gas per day, which will be delivered to the Argentine market. This figure represents approximately 10% of current gas production in the country

PAE holds a 25%

stake in the consortium. Our partners are Total Austral (37.5% - operator) and Wintershall (37.5%)

17 millions

m3 of gas per day were produced by this block in 2015, which represents that largest extraction of hydrocarbon in Argentina

The sea is 80 meters

deep in some of the areas that are drilled to produce natural gas
Tarija Basin
We have operated the Caipipendi block since 2000, which is located in the Tarija Basin southeast of Bolivia, to the northeast of the city of Tarija.
Margarita Field
Together with other companies that are part of a consortium, we have developed the Margarita gas pipeline.

The project involves several challenges, such as working in hard-to-access areas, and dealing with complex geology, hydrocarbons at great depth and an area of extreme environmental sensitivity. However, production of natural gas in the block has been higher than initially estimated.


PAE E&P Bolivia Limited holds a 25%

of the consortium. Our partners are E&P Bolivia S.A. (37.5% - operator) and BG Bolivia Corporation (37.5%)

We produce 17.9 millons m3

of natural gas per day in this block, which greatly surpasses the initial expectations
Location of the Basins
Datos del mapa
Datos del mapa ©2017 Google, INEGI, ORION-ME
Datos del mapaDatos del mapa ©2017 Google, INEGI, ORION-ME
Datos del mapa ©2017 Google, INEGI, ORION-ME