Exploration and Production
In Argentina, we produce oil and natural gas through our wholly owned subsidiary Chevron Argentina S.R.L. Chevron has operated interests, ranging from 18.8 percent to 100 percent, in five concessions.
In the Neuquén Basin, we continued with the development of El Trapial Field in 2010 with a series of projects designed to reduce declines in production.
During 2010, total daily production in Argentina averaged 48,000 barrels of crude oil (31,000 net) and 7 million cubic feet of natural gas (5 million net).
In 2010, Chevron sold its interest in the Puesto Prado, Las Bases and El Sauce fields in the Neuquén Basin.
Pipeline in the Neuquén Basin
The company holds a 14 percent interest in Oleoductos del Valle S.A., a pipeline system that transports crude oil from the Neuquén Basin in western Argentina to the Buenos Aires area.
Business Support
Chevron operates its Shared Services Center in Buenos Aires. The center provides accounting services and information technology support for many of our operations in Latin America, the United Kingdom and the United States.
Updated: March 2011
Cautionary Statement