South America natural gas production was 3,091.01bcf in 2022 a decrease of 1.5% compared with 2021. The largest gas-producing countries are Argentina, Peru, and Bolivia. Through 2030, South America gas production is forecasted to decrease by a CAGR of 7.37% to reach 1,552.38bcf. 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 2022, Argentina had the highest natural gas production at 1,430.84bcf, followed by Peru at 483.68bcf and Bolivia at 449. 05bcf. Here are the 10 largest natural gas-producing fields by production in South America in 2022, according to GlobalData’s Upstream Fields database.
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 Corp (27.20%), Repsol (10%), SK Innovation (17.60%), Sonatrach (10%), The Techint Group (10%), and operated by Pluspetrol Camisea. The field produced 785.15mmcfd in 2022 and recovered 48.01% of its total recoverable natural gas reserves, with peak production in 2022. The peak production was approximately 785.15mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2052. The field currently accounts for approximately 9.27% of South America’s daily natural gas output and it is expected to recover 3,460bcf of natural gas reserves. Buy the profile here.
2. Fortin De Piedra
Fortin De Piedra is located in Neuquen Province, Argentina. This natural gas field is owned by The Techint Group (100%) and operated by Tecpetrol. The field produced 540.22mmcfd in 2022 and recovered 20.67% of its total recoverable natural gas reserves, with peak production in 2023. The peak production will be approximately 663.7mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2050. The field currently accounts for approximately 6.38% of South America’s daily natural gas output and it is expected to recover 3,002bcf of natural gas reserves. Buy the profile here.
3. 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 523.94mmcfd in 2022 and recovered 28.98% of its total recoverable natural gas reserves, with peak production in 2015. The peak production was approximately 630.4mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2095. The field currently accounts for approximately 6.19% of South America’s daily natural gas output and it is expected to recover 5,346bcf of natural gas reserves.
4. 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 (12.38%), TotalEnergies (37.50%), and operated by Total Austral. The field produced 329.39mmcfd in 2022 and recovered 10.58% of its total recoverable natural gas reserves, with peak production in 2019. The peak production was approximately 339.27mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2050. The field currently accounts for approximately 3.89% of South America’s daily natural gas output and it is expected to recover 2,282bcf of natural gas reserves. Buy the profile here.
5. 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%), SK Innovation Co (17.60%), Sonatrach (10%), The Techint Group (10%), and operated by Pluspetrol Lote 56. The field produced 328.65mmcfd in 2022 and recovered 46.48% of its total recoverable natural gas reserves, with peak production in 2013. The peak production was approximately 629.65mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2062. The field currently accounts for approximately 3.88% of South America’s daily natural gas output and it is expected to recover 2,320bcf of natural gas reserves. Buy the profile here.
6. Perla
Perla is located in Zulia, Venezuela. This natural gas field is owned by Eni (50%), and Repsol (50%), and is operated by Cardon IV. The field produced 262.61mmcfd in 2022 and recovered 83.36% of its total recoverable natural gas reserves, with peak production in 2017. The peak production was approximately 531.51mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2029. The field currently accounts for approximately 3.1% of South America’s daily natural gas output and it is expected to recover 423bcf of natural gas reserves.
7. El Mangrullo
El Mangrullo is located in Neuquen Province, Argentina. This natural gas field is owned by Pampa Energia (100%) and operated by Pampa Energia. The field produced 252.02mmcfd in 2022 and recovered 18.84% of its total recoverable natural gas reserves, with peak production in 2023. The peak production will be approximately 295.88mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2070. The field currently accounts for approximately 2.98% of South America’s daily natural gas output and it is expected to recover 2,240bcf of natural gas reserves. Buy the profile here.
8. Incahuasi
Incahuasi is located in Chuquisaca, Bolivia. This natural gas field is owned by Gazprom (20%), The Techint Group (20%), TotalEnergies (50%), Yacimientos Petroliferos Fiscales Bolivianos (10%), and operated by TotalEnergies. The field produced 235.93mmcfd in 2022 and recovered 69.2% of its total recoverable natural gas reserves, with peak production in 2021. The peak production was approximately 425.63mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2050. The field currently accounts for approximately 2.79% of South America’s daily natural gas output and it is expected to recover 362bcf of natural gas reserves.
9. Rincon Del Mangrullo
Rincon Del Mangrullo is located in Neuquen Province, Argentina. This natural gas field is owned by YPF (100%) and operated by YPF. The field produced 228.49mmcfd in 2022 and recovered 38.21% of its total recoverable natural gas reserves, with peak production in 2022. The peak production was approximately 218.63mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2055. The field currently accounts for approximately 2.7% of South America’s daily natural gas output and it is expected to recover 2,027bcf of natural gas reserves. Buy the profile here.
10. 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%), Bridas Energy Holdings (3.50%), China National Offshore Oil (3.50%), LetterOne Holdings (7.43%), TotalEnergies (41%), YPF (22.50%), and operated by Total Austral. The field produced 206.9mmcfd in 2022 and recovered 56.71% of its total recoverable natural gas reserves, with peak production in 2022. The peak production was approximately 207.04mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2054. The field currently accounts for approximately 2.44% of South America’s daily natural gas output and it is expected to recover 2,027bcf of natural gas reserves. Buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
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.
