A Chevron logo at the Chevron building in Houston, Texas, U.S. August 19, 2025.
Moneto emphasized that Vaca Muerta is one of the world’s largest unconventional oil reserves and noted its strong production potential. She pointed out that while Chevron is moving forward with its operations, the broader development of the formation will depend on Argentina’s ability to secure new investment.
She underlined that the country’s energy sector requires conditions that can encourage long-term participation from international and domestic companies. “The regulatory environment must be more stable and predictable, allowing for capital movements, which will be critical in the long term, respecting existing investments, keeping costs competitive and maintaining free market policies,” Moneto said.
Chevron’s target reflects continued interest in Argentina’s unconventional resources, where Vaca Muerta has emerged as a key focus for global energy companies. Industry experts at the conference also highlighted that production increases could support the country’s role in meeting regional energy demand and improving supply balance.
At present, Vaca Muerta is seen as central to Argentina’s energy strategy, with several multinational companies holding investments there. Chevron’s commitment to scaling up its operations adds momentum to ongoing efforts aimed at expanding output and enhancing infrastructure.
The company has been involved in the formation for years, and its decision to raise production levels signals confidence in the resource base. Analysts note that output from Vaca Muerta could strengthen Argentina’s domestic supply and position it to increase exports in the future, provided regulatory and investment conditions remain favorable.
Chevron’s production plan is part of a wider industry outlook where energy firms are looking to optimize operations while keeping costs aligned with market trends. The goal of achieving 30,000 barrels per day this year demonstrates both operational progress and the potential for further growth if investment and policy conditions improve.
By highlighting the importance of stability, competitive costs, and open market practices, Moneto’s remarks underscored the link between regulatory clarity and sustained energy development. With production rising and resource quality confirmed, Vaca Muerta remains a central asset in Argentina’s pursuit of greater energy security and global competitiveness.
