- Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year.
Argentina Crude Oil and Condensate Production was 946 Thousand Barrels Daily in 2023, up 13.7% on 2022. The Crude Oil and Condensate Production dataset of Argentina from 2015 to 2023 provides a clear and consistent view of the country’s petroleum production landscape, highlighting production trends, crude oil output, condensate volumes, and supply patterns over the observed period.
Argentina Crude Oil and Condensate Production moved from 532 Thousand Barrels Daily in 2015 to 946 Thousand Barrels Daily in 2023 (+77.8%), an average of +7.5% a year. The series high was 946 Thousand Barrels Daily in 2023 and the low 480 Thousand Barrels Daily in 2017.
The gap between the series high (2023) and low (2017) is 466 Thousand Barrels Daily. The sharpest single-year move was +24.1% in 2019.
Among the 28 countries in this dataset, Argentina ranks 15 for 2023, behind U.S. (12,927 Thousand Barrels Daily) and Russia (10,554 Thousand Barrels Daily). It accounts for 1.1% of the global total in 2023.
Full series
Complete annual series with year-on-year change. Values are reported in Thousand Barrels Daily.
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| Year | Thousand Barrels Daily | Change vs prior year |
|---|---|---|
| 2023Peak | 946 | +13.7% |
| 2022 | 832 | +22% |
| 2021 | 682 | +13.5% |
| 2020 | 601 | −1.2% |
| 2019 | 608 | +24.1% |
| 2018 | 490 | +2.1% |
| 2017 Trough | 480 | −6.1% |
| 2016 | 511 | −3.9% |
| 2015 | 532 | — |
Regional context
Crude Oil and Condensate Production by country, 2023, Thousand Barrels Daily. Argentina is highlighted.
Data definition
Crude Oil and Condensate Production — - Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year. It is typically measured in thousand barrels per day (kb/d) and represents the production of unrefined liquid hydrocarbons before processing or refining. Crude oil is the naturally occurring liquid petroleum extracted from underground reservoirs, while condensate is a light hydrocarbon liquid that separates from natural gas when pressure and temperature decrease during production. This indicator provides insight into a country's upstream petroleum production capacity, resource availability, and contribution to global oil supply.
The data includes the production of crude oil extracted from conventional and unconventional oil fields, as well as lease condensate recovered at the wellhead or during field processing before refining. It covers both onshore and offshore oil production and includes output from integrated oil and gas operations where condensate is produced alongside natural gas. Production is reported before refining and excludes downstream petroleum processing activities. The dataset is compiled using standardized international energy reporting methodologies based on national production statistics and industry data, enabling consistent comparison of crude oil and condensate production across countries and over time.
The data excludes refined petroleum products such as gasoline, diesel, kerosene, fuel oil, liquefied petroleum gas (LPG), and other products obtained through refinery processing. It also excludes natural gas production, natural gas liquids (NGLs) other than lease condensate, synthetic fuels, biofuels, oil shale products, and petroleum derived from coal-to-liquids or gas-to-liquids processes unless specifically stated in the reporting methodology. The indicator does not measure crude oil reserves, exports, imports, domestic consumption, refinery throughput, or production value. Minor differences may occur due to variations in national reporting standards, condensate classification, and estimation methodologies across countries.
Crude Oil and Condensate Production — - Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year. It is typically measured in thousand barrels per day (kb/d) and represents the production of unrefined liquid hydrocarbons before processing or refining. Crude oil is the naturally occurring liquid petroleum extracted from underground reservoirs, while condensate is a light hydrocarbon liquid that separates from natural gas when pressure and temperature decrease during production. This indicator provides insight into a country's upstream petroleum production capacity, resource availability, and contribution to global oil supply.
Measured in thousand barrels daily, the dataset reflects domestic crude oil and condensate production, making it an important indicator of upstream energy activity, resource utilization, energy security, and petroleum sector performance.
Argentina produced 532 thousand barrels daily of crude oil and condensate in 2015, declining to 511 thousand barrels daily in 2016 and 480 thousand barrels daily in 2017. Production recovered slightly to 490 thousand barrels daily in 2018 before increasing significantly to 608 thousand barrels daily in 2019. Output remained relatively stable at 601 thousand barrels daily in 2020 despite global market disruptions. Production continued to increase to 682 thousand barrels daily in 2021 and 832 thousand barrels daily in 2022. In 2023, production reached 946 thousand barrels daily, the highest level recorded during the review period.
Overall, the dataset demonstrates a strong long-term recovery following the production decline observed during the early years of the review period. The sustained increase reflects expanding unconventional resource development, higher upstream investment, improved production efficiency, and growing output from major producing basins.
The dataset serves as a valuable resource for monitoring national oil production performance, evaluating upstream industry developments, and assessing long-term supply dynamics. It also supports production forecasting, investment planning, energy market assessments, and policy formulation. Researchers, policymakers, and industry stakeholders can use the information to evaluate production efficiency, resource management strategies, and future exploration opportunities while strengthening long-term planning across Argentina's petroleum industry.
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Definition- Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year. It is typically measured in thousand barrels per day (kb/d) and represents the production of unrefined liquid hydrocarbons before processing or refining. Crude oil is the naturally occurring liquid petroleum extracted from underground reservoirs, while condensate is a light hydrocarbon liquid that separates from natural gas when pressure and temperature decrease during production. This indicator provides insight into a country's upstream petroleum production capacity, resource availability, and contribution to global oil supply.
Argentina Crude Oil and Condensate Production was 946 Thousand Barrels Daily in 2023, up 13.7% on 2022.
Argentina Crude Oil and Condensate Production moved from 532 Thousand Barrels Daily in 2015 to 946 Thousand Barrels Daily in 2023 (+77.8%), an average of +7.5% a year. The series high was 946 Thousand Barrels Daily in 2023 and the low 480 Thousand Barrels Daily in 2017.
The highest value was 946 Thousand Barrels Daily in 2023 and the lowest was 480 Thousand Barrels Daily in 2017.
Included: The data includes the production of crude oil extracted from conventional and unconventional oil fields, as well as lease condensate recovered at the wellhead or during field processing before refining. It covers both onshore and offshore oil production and includes output from integrated oil and gas operations where condensate is produced alongside natural gas. Production is reported before refining and excludes downstream petroleum processing activities. The dataset is compiled using standardized international energy reporting methodologies based on national production statistics and industry data, enabling consistent comparison of crude oil and condensate production across countries and over time. Excluded: The data excludes refined petroleum products such as gasoline, diesel, kerosene, fuel oil, liquefied petroleum gas (LPG), and other products obtained through refinery processing. It also excludes natural gas production, natural gas liquids (NGLs) other than lease condensate, synthetic fuels, biofuels, oil shale products, and petroleum derived from coal-to-liquids or gas-to-liquids processes unless specifically stated in the reporting methodology. The indicator does not measure crude oil reserves, exports, imports, domestic consumption, refinery throughput, or production value. Minor differences may occur due to variations in national reporting standards, condensate classification, and estimation methodologies across countries.
The series is sourced from energyinst.org (https://www.energyinst.org/__data/assets/pdf_file/0006/1542714/684_EI_Stat_Review_V16_DIGITAL.pdf). It covers 2015–2023 and is reported in Thousand Barrels Daily.
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