Oil production quadrupled in less than a year

The achievement is focused on the assets of Bajo del Chuique, where it seeks to reach 62 thousand barrels per day by 2027, with investments amounting to one billion dollars annually.

11/28/2025 – 4:50 pm

Family company Pluspetrol Rodriguez rihas just reached an important stage in its operations related to unconventional resources in Argentina, through Oil production quadrupled in the Bajo del Choique-La Invernada areain Vaca Muerta, less than a year after it acquired the area from the American company Exxon Mobil.

According to the company, Production in the aforementioned area reached 20 thousand barrels per day. This level represents the first growth target set by the oil company after acquiring the assets in December 2024.This achievement not only meets the goal, but also contributes to its progress, according to the information.

The figure of 20 thousand barrels of oil has special significance since then Quadruple the production the company received upon completion of the asset purchaseone of the two central focuses of Pluspetrol’s strategy in the Vaca Muerta formation, along with another highly productive asset La Calera, is in the gas window.

To maintain and increase this pace, the company has evolved An investment plan of more than one billion dollars during 2025 To develop these assets, it is planned to reserve similar amounts for 2026, distributed across drilling and facility development.

The specific plan at Bajo del Choique-La Invernada is that from this first milestone of 20,000 barrels scheduled for the end of December, staggered production will be maintained until Reaching 60 thousand barrels by the end of 2027. In the medium term, the construction of two factories is being implemented to produce 25 thousand barrels each.

In the latest issue of Argentina Oil and Gas (AOG) 2025Country Director of Pluspetrol, Julian EscoderHe stated that the company’s goal is: Reaching 100 thousand barrels per day of production by 2027relying on an extensive well development plan and incorporating advanced technology.

Gas strategy

In the La Calera region, where it works in collaboration with YPF and Pluspetrol The factory expansion was launched during the first half of 2025Which allows the processing of 14.5 million cubic meters per day of gas (mm3) and 4800 condensates. The company was subsequently awarded the engineering, procurement and construction contract for a new expansion that will increase capacity to 17 million cubic metres, which is expected to be operational by the end of 2027.

A month ago, in the same building, the oil company Achieve something new Drill log cSupported by the company San Antonio InternationalAt a depth greater than 5,900 meters at a time below the historical average, it has been given as a – Advances in operational efficiency and use of applied technology.

The assets of Bajo del Choique-La Invernada come from the acquisition of the entire ExxonMobil Exploration Argentina business at the end of 2024. The operation, which is worth approximately 1,750 million US dollars, It consolidated Pluspetrol as one of Argentina’s major oil and gas producers and allowed it to significantly expand its involvement in crude oil production, historically more gas-oriented..

Acquired assets included franchise Five oil blocks in Neuquén and a 10% stake in Oleoductos del Valle (Oldelval). Recently, the dynamics of these assets showed another related movement when Continental Resources, the American oil company owned by businessman Harold Hamm, signed with Pluspetrol to purchase its participation in the Los Toldos II Oeste concession, an asset that was also part of the purchase from ExxonMobil.

This agreement represents a return to the local source of a Oil company in the United States for more than a decadeThis reflects the trend of withdrawal undertaken by other companies such as ExxonMobil itself, Pioneer and Apache in recent years, despite the fact that Chevron maintains historic operations in the country.