argentina
Chevron produces crude oil and natural gas in Argentina, with operated and non-operated fields in the Neuquen basin.
El Trapial net acres under Chevron’s operation
>111K
Loma Campana gross acreage (partnership with YPF)
97K
Narambuena gross acreage (partnership with YPF)
49K
Loma del Molle Norte gross acreage (partnership with G&P)
48K
our operations
In Argentina, Chevron produces crude oil and natural gas through its wholly-owned subsidiary, Chevron Argentina S.R.L. Chevron’s interests include the exploration and development of unconventional oil and gas resources from the Vaca Muerta formation in the province of Neuquén.
Chevron in Argentina operates and owns the El Trapial block. Separately through other subsidiaries, Chevron holds a non-operated 50% interest in the Loma Campana and Narambuena concessions through a partnership with the operator YPF.
exploration and production
El Trapial
In 1999, Chevron acquired the El Trapial conventional field from Petrolera Argentina San Jorge S.A. In 2022, the Province of Neuquén granted Chevron Argentina a new concession for the unconventional exploitation of hydrocarbons in the east area of the El Trapial field for a 35-year period.
Following the granting of the unconventional concession, Chevron Argentina now holds two wholly owned and operated blocks in El Trapial: El Trapial-Curamched (conventional concession), and El Trapial-Este (unconventional concession), covering a cumulative area of 111,000 net acres (450 sq km).
Loma Campana
In 2013, together with YPF, Chevron pioneered Argentina’s shale industry starting the first development project in the Vaca Muerta shale play, Loma Campana. Chevron’s world-class expertise and best practices from its Permian operations in the United States significantly shortened Vaca Muerta’s learning curve and unlocked its potential within a few years.
Today, Loma Campana stands as the largest shale development in Argentina, producing approximately 100,000 barrels of oil equivalent per day (BOED). A total of 48 wells were drilled in 2024.
Narambuena
In March 2025, the Province of Neuquén granted a 35-year Concession for the Unconventional Exploitation of Hydrocarbons (CENCH) for the Narambuena Project, operated by YPF. Currently drilling LOC N-004 (composed of 4 wells), since mid-2025.
Loma del Molle Norte
As of mid 2025, Chevron was awaiting government approval of the agreement with Gas y Petróleo del Neuquén, who is the titleholder of the exploration license in Loma del Molle Norte Block, consisting of 43,000 net acres (174 sq km) adjacent to the El Trapial concession. Once the agreement becomes effective, Chevron will be the operator of the block and will have a 90% participating interest in the agreement.
pipeline infrastructure
Chevron and its affiliates have participating interest in three export pipelines: Oleoductos del Valle S.A. (Oldelval), Oleoducto Trasandino Argentino S.A. (OTASA) and recently joined the VMOS consortium for the development of the Vaca Muerta Sur Pipeline Project, an oil export pipeline system designed to enhance oil transportation capacity from Vaca Muerta.
shared services
In addition to the Upstream business in Argentina, Chevron provides financial, system, human resources and administrative services to several of its subsidiaries in the United States, Latin America and other regions, through the Chevron Shared Services Center (BASSC), which operates in Buenos Aires.
in the community
In partnership with provincial and local governments, Chevron Argentina supports programs focused on promoting education, economic development, and health in the communities where we operate.
Chevron and the Ministry of Labor and Workforce Development of Neuquén – through the Emplea Neuquén Program – promotes professional training courses aimed at unemployed individuals, with the goal of facilitating their integration into industry-related sectors.
In collaboration with the Ministry of Health of Neuquén, Chevron is contributing to the public healthcare infrastructure by providing high-tech medical equipment for the Rincón de los Sauces Hospital, the nearest health center to El Trapial field.
To ensure the ongoing effectiveness and transparency of our community initiatives, Chevron Argentina has implemented a system to track and measure the progress of supported programs. This process involves collecting data on participation rates, outcomes, and community impact, allowing us to refine our approach and maximize benefits in education, economic development, and health. Regular reviews and reports help guide future investments and maintain accountability to our partners and stakeholders.
This initiative increases the care capacity of the hospital and can benefit thousands of people in the region.
Chevron supports the School of Engineering at the University of Buenos Aires (UBA) and the Ricardo Gutiérrez Children’s Hospital in Buenos Aires City. This collaboration involves enhancing infrastructure and donating technological equipment.
In recent years, we have also supported health and nutrition programs, provided technical education for the oil and gas industry, and trained women entrepreneurs in collaboration with local governments, universities, and NGOs.