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 first quarter of 2024 (Q1 24):

  • The production level reached 73.1 thousand boe/d (barrels of oil equivalent per day), corresponding 94% to natural gas and 6% to crude oil
  • The 11.7 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$3.2/million BTU


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

Technical Data Q1 24 Q4 23
Number of productive wells in Argentina 804 813
Average gas production in Argentina (thousand m3/day) 11,684 8,821
Average oil production in Argentina (thousand bbl/day) 4.3 4.5
Total average production in Argentina (thousand boe/day) 73.1 56.4
Average gas price in US$/million BTU 3.2 3.2
Average oil price in US$/bbl 68.6 68.9

Notes: Q4 23: fourth quarter 2023.

Productive Blocks in Argentina
Exploratory Blocks in Argentina
Proven reserves ('P1')