Chevron began selling automotive fuels in Argentina in the first half of the 20th century. We started exploring for oil in the 1980s. After the deregulation of the fuels market in 1989, we expanded our exploration and marketing operations. Chevron ended its lubricants business in Argentina in 2011.
In 1999, we increased our presence in Argentina significantly with the purchase of Petrolera Argentina San Jorge S.A., a company with a history of successful exploration in the Neuquén Basin.
Chevron is a significant partner in Argentina's economy. Oil production in Argentina is an important source of employment and a major contributor to revenue for the federal and provincial governments.
Chevron and its employees demonstrate a strong commitment to quality and safe operations. Chevron Argentina's lubricants operations have been awarded several International Organization for Standardization certifications. And we received awards for Best Production Operator and Best Environmental Performance from Tecnoil, a leading industry magazine.
Chevron Argentina was the first company to acquire and interpret 3-D seismic data in Argentina, and more than 98 percent of our operated oil and gas production today comes from reserves discovered by our geologists.
Updated: March 2011
Cautionary Statement