Regional Cost Dossier
Argentina Upstream — CAPEX Benchmark
Coming soon
This report is in preparation and will be published very soon.
Report summary
Development CAPEX for 121 Argentine concessions — Vaca Muerta shale oil and gas, the tight-gas plays and the conventional fields of the Neuquina, Golfo San Jorge, Austral, Cuyana and Noroeste basins — built entirely from State-declared investment and certified reserves, re-expressed in a common 2026 price basis with the CAF Cost Index.
What's inside
Table of contents — 12 chapters
1Executive summary
2Argentina upstream in context
3How the number is built
4Location Factor — Argentina (Kpex Z.4)
5The benchmark
6Curves by resource family
7Vaca Muerta well cost & completion intensity
8Asset map — by basin
9CAPEX by functional unit
10The 121 concessions
11Concession profiles
12Vaca Muerta development pipeline, data quality & sources
Figures & charts — 2
- ▸Unit CAPEX (US$/boe, 2026) — P10 / P50 / P90
- ▸Benchmark cost curve (log-log, with project points)
Tables — 11
- ▪Table 1 — 2025 production by basin and resource type (kboe/d).
- ▪Table 2 — Argentina location-factor drivers (Kpex Z.4): institutional and infrastructure drivers with source, rating, percentile and factor.
- ▪Table 3 — Benchmark curves by resource family and development type (2026 basis) — parameters for the KPEX estimating tool.
- ▪Table 4 — Unconventional well cost declared under Res. SE 2057 (drilling + completion of producing wells) and median Vaca Muerta lateral (Annex IV).
- ▪Table 5 — CAPEX by producing basin (2026 basis).
- ▪Table 6 — CAPEX by operator (2026 basis; operator of record in the 2025 reserves declaration).
- ▪Table 7 — Functional-unit split by resource family (declared concepts) and portfolio CAPEX by functional unit.
- ▪Table 8 — Asset register: the 121 benchmark concessions with basin, operator, resource family, development type (G = greenfield, B = brownfield window), EUR, escalated CAPEX and unit CAPEX. All CAPEX and EUR are grade A (State-declared).
- ▪Table 9 — Vaca Muerta development pipeline (early-stage developments outside the fit).
- ▪Table 10 — Unconventional pilots outside the fit.
- ▪Table 11 — Bibliography: 17 sources, the figure each supports and its link.
What you get
📄 Branded PDF · A3
🎯 AACE Class 5 screening benchmark
📈 Live CAPEX·OPEX·ABEX lifecycle costing
⚡ Immediate download after payment
🔒 Proprietary — single-recipient licence