South America natural gas production decreased by 7.66% in 2023 compared with 2022. The largest gas producing countries are Argentina, Peru, and Bolivia. Through 2030, South America gas production is forecasted to decrease by a CAGR of 2.4%. GlobalData uses proprietary data and analytics to provide a complete picture of the global oil and gas fields segment. Buy the latest oil & gas fields profiles here.
In 2023, Argentina had the highest natural gas production, followed by Peru and Bolivia. Here are the ten largest natural gas producing fields by production in South America in 2022, according to GlobalData’s Upstream Fields database.
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1. San Martin-Cashiriari Complex
San Martin-Cashiriari Complex is located in Madre de Dios, Peru. This natural gas field is owned by Hunt Consolidated (25.20%), Pluspetrol Resources (27.20%), Repsol (10.00%), SK Innovation Co (17.60%), Sonatrach (10.00%), The Techint Group (10.00%) and operated by Pluspetrol Camisea. The field produced 684mmcfd in 2023 and recovered 51.77% of its total recoverable natural gas reserves, with peak production in 2022. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2052. The field currently accounts for approximately 8.65% of the total South America daily natural gas output. Buy the profile here.
2. Mipaya-Pagoreni Complex
Mipaya-Pagoreni Complex is located in Madre de Dios, Peru. This natural gas field is owned by Hunt Consolidated (25.20%), Pluspetrol Resources (27.20%), Repsol (10.00%), SK Innovation Co (17.60%), Sonatrach (10.00%), The Techint Group (10.00%) and operated by Pluspetrol Lote 56. The field produced 382.13mmcfd in 2023 and recovered 50.4% of its total recoverable natural gas reserves, with peak production in 2013. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2060. The field currently accounts for approximately 4.83% of the total South America daily natural gas output. Buy the profile here.
3. Aguada Pichana Este Vaca Muerta
Aguada Pichana Este Vaca Muerta is located in Neuquen Province, Argentina. This natural gas field is owned by BASF (15.08%), BP (7.00%), Bridas Energy Holdings (3.50%), China National Offshore Oil (3.50%), LetterOne Holdings (7.43%), TotalEnergies (41.00%), YPF (22.50%) and operated by Total Austral. The field produced 282.5mmcfd in 2023 and recovered 15.94% of its total recoverable natural gas reserves, with peak production in 2025. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2062. The field currently accounts for approximately 3.57% of the total South America daily natural gas output.
4. Fortin De Piedra
Fortin De Piedra is located in Neuquen Province, Argentina. This natural gas field is owned by The Techint Group (100.00%) and operated by Tecpetrol. The field produced 540.31mmcfd in 2023 and recovered 40.1% of its total recoverable natural gas reserves, with peak production in 2023. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2039. The field currently accounts for approximately 6.83% of the total South America daily natural gas output. Buy the profile here.
5. Aguada Pichana Oeste
Aguada Pichana Oeste is located in Neuquen Province, Argentina. This natural gas field is owned by BP Plc (22.50%), Bridas Energy Holdings Ltd (11.25%), China National Offshore Oil Corp (11.25%), TotalEnergies SE (25.00%), YPF SA (30.00%) and operated by Pan American Energy SL. The field produced 249.2mmcfd in 2023 and recovered 12.88% of its total recoverable natural gas reserves, with peak production in 2025. The peak production will be approximately at 266.62mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2083. The field currently accounts for approximately 3.15% of the total South America daily natural gas output. Buy the profile here.
6. El Mangrullo
El Mangrullo is located in Neuquen Province, Argentina. This natural gas field is owned and operated by Pampa Energia. The field produced 214.85mmcfd in 2023 and recovered 29.5% of its total recoverable natural gas reserves, with peak production in 2025. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2068. The field currently accounts for approximately 2.72% of the total South America daily natural gas output .
7. Block 57
Block 57 is located in Madre de Dios, Peru. This natural gas field is owned by China National Petroleum (46.16%), Repsol (53.84%) and operated by Repsol Exploracion Peru SA. The field produced 195.2mmcfd in 2023 and recovered 35.27% of its total recoverable natural gas reserves, with peak production in 2023. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2056. The field currently accounts for approximately 2.47% of the total South America daily natural gas output. Buy the profile here.
8. Carina-Fenix-Orion-Orion Norte-Orion Oeste
Carina-Fenix-Orion-Orion Norte-Orion Oeste is located in Estado Nacional, Argentina. This natural gas field is owned by BASF (25.13%), BP (12.50%), Bridas Energy Holdings (6.25%), China National Offshore Oil (6.25%), LetterOne Holdings SA (12.38%), TotalEnergies (37.50%) and operated by Total Austral. The field produced 321.17mmcfd in 2023 and recovered 57.02% of its total recoverable natural gas reserves, with peak production in 2019. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2049. The field currently accounts for approximately 4.06% of the total South America daily natural gas output.
9. Margarita-Huacaya Complex
Margarita-Huacaya Complex is located in Santa Cruz, Bolivia. This natural gas field is owned by BP (12.50%), Bridas Energy Holdings (6.25%), China National Offshore Oil (6.25%), Repsol (37.50%), Shell (37.50%) and operated by Repsol E&P Bolivia. The field produced 417.7mmcfd in 2023 and recovered 68.48% of its total recoverable natural gas reserves, with peak production in 2016. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2041. The field currently accounts for approximately 5.28% of the total South America daily natural gas output.
10. Rincon Del Mangrullo
Rincon Del Mangrullo is located in Neuquen Province, Argentina. This natural gas field is owned by YPF (100.00%) and operated by YPF. The field produced 182.25mmcfd in 2023 and recovered 35.13% of its total recoverable natural gas reserves, with peak production in 2022. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2045. The field currently accounts for approximately 2.3% of the total South America daily natural gas output. Buy the profile here.
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This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
