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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 fourth quarter of 2024 (Q4 24):

  • The production level reached 61.6 thousand boe/d (barrels of oil equivalent per day), corresponding 94% to natural gas and 6% to crude oil
  • The 9.8 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$2.9/million BTU

The following table summarizes the E&P’s main technical indicators for the continuing operations:

Technical Data Q4 24 Q4 24
Number of productive wells in Argentina 688 813
Average gas production in Argentina (thousand m3/day) 9.785 8.821
Average oil production in Argentina (thousand bbl/day) 4,0 4,5
Total average production in Argentina (thousand boe/day) 61,6 56,4
Average gas price in US$/million BTU 2,9 3,2
Average oil price in US$/bbl 67,6 68,9
Notes: Q4 23: fourth quarter 2023.
Productive Blocks in Argentina
Block Province Basin Stake Operator
El Mangrullo Neuquén Neuquina 100% Pampa
Sierra Chata 45,55%
Rincón del Mangrullo(1) 50% YPF
Río Neuquén Neuquén & Río Negro 33,07% & 31,42%
Rio Limay Este (ex Senillosa) Neuquén 85% Pampa
Aguaragüe Salta Northwestern (‘Noroeste’) 15% Tecpetrol
La Tapera – Puesto Quiroga Chubut Golfo San Jorge 35,67%
El Tordillo
Los Blancos (ex Chirete) Salta Northwestern (‘Noroeste’) 50% High Luck Group
Veta Escondida Neuquén Neuquina 55% Pampa
Rincón de Aranda Neuquén Neuquina 100% Pampa
Notes: (1) It does not include Vaca Muerta formation.
Exploratory Blocks in Argentina
Proven reserves ('P1')