In Argentina, we are a major supplier of energy and one of the country’s top producers of natural gas.

Harbour’s production is concentrated in two areas: the prolific offshore Cuenca Marina Austral (CMA-1) concession in the Tierra del Fuego province, and the Aguada Pichana Este and San Roque onshore concessions in the Neuquén basin. Harbour’s acquired business has been active in Argentina for more than four decades and has a long-term operator partnership through TotalEnergies.

Production averaged 73 kboepd in 2025. This reflects a continued strong performance from CMA-1, supported by almost a year’s contribution from the Fenix gas project. The unmanned platform tied to existing facilities was completed in January 2025.

In 2025, Harbour and its partners also took final investment decision on Southern Energy SA, a phased, two-vessel c.6mtpa LNG project which will provide our Argentine gas resource with access to global markets.


Where we are active in Argentina

View information on active assets in Argentina

Tierra del Fuego

Non-operated

Asset Operator Harbour equity
CMA-1 TotalEnergies 37.50%

Photo credit: Operator, TotalEnergies

Neuquén

Non-operated

Asset Operator Harbour equity
Aguada Pichana Este Vaca Muerta TotalEnergies 22.50%
San Roque Vaca Muerta TotalEnergies 24.71%

Recent activity

With more than 700 mmboe of 2C resources, mainly in the Vaca Muerta shale play, Argentina represents the largest single component of Harbour’s 2C resources and a significant reserve replacement opportunity for the company.

In 2025, production from the CMA-1 gas fields averaged 52 kboepd, while San Roque delivered 2.5 kboepd. Following the drilling of four exploration and appraisal wells and four general pilot wells, Harbour and its partners are in the process of applying for an unconventional licence. This would allow development of the Vaca Muerta black oil shale to commence, starting with a potential 16 well pilot programme later in 2026.

Harbour and its partners took final investment decision on Southern Energy SA, a landmark two-vessel c. 6mtpa floating liquefied natural gas (FLNG) project which will unlock access to global energy markets. In fact, a Heads of Terms was signed with Germany’s SEFE for c.80% of the first vessel’s LNG offtake in December 2025.


Related news

Southern Energy SA – Final Investment Decision

Harbour and its partners – Pan American Energy, YPF, Pampa Energia and Golar LNG – have taken Final Investment Decision (FID) for the Southern Energy floating liquefied natural gas (FLNG) export project in Argentina.

Read article
Southern Energy SA – Final Investment Decision

Harbour Energy signs participation agreement for proposed FLNG project in Argentina

Harbour Energy signs a participation agreement with Pan American Energy and Golar LNG to acquire a 15% interest in Southern Energy SA a company which is planning to develop a floating liquefied natural gas (FLNG) export project in Argentina.

Read article
Harbour Energy signs participation agreement for proposed FLNG project in Argentina

Publication of 2023 Annual Report and AGM Notice

Harbour Energy plc is pleased to announce the publication of its Integrated Annual Report and Accounts and ESG Review for the year ended 31 December 2023 and Notice of the 2024 Annual General Meeting, which is to be held on 9 May 2024.

Read article
Publication of 2023 Annual Report and AGM Notice