# Oil industry operations in Santa Cruz

> Live situation record from CLSTR: https://clstr.news/situations/oil-industry-operations-in-santa-cruz
> Updated: 2026-09-03T08:26:00.000Z. Sources: 9. Developments: 2.

In the Santa Cruz province of Argentina, the petroleum industry is undergoing significant operational shifts. The provincial Ministry of Energy and Mining is currently monitoring a five-year plan to abandon 1,160 wells in the San Jorge Gulf Basin, specifically those previously operated by YPF. This process, involving Clear Servicios, is intended to follow technical and environmental standards set by the National Energy Secretariat and the Argentine Institute of Oil and Gas.

Concurrently, drilling activity is resuming in the region. CGC has deployed the 001 drilling rig at the Tres Picos field in Cañadón León, marking the first drilling operations in the province in over two and a half years. Local labor representatives from SIPGER noted that the resumption of drilling follows extensive negotiations aimed at restoring industry growth and providing job stability for workers.

## Timeline

### 2026-09-03: CGC resumes oil drilling operations in Santa Cruz

CGC has resumed drilling operations at the Tres Picos field in Santa Cruz, Argentina, ending a two-and-a-half-year hiatus for the province's oil basin.

2 sources. https://clstr.news/cluster/cgc-resumes-oil-drilling-operations-in-santa-cruz

### 2026-08-26: Santa Cruz government monitors well abandonment plan in San Jorge Gulf Basin

The Santa Cruz government is overseeing a five-year plan to abandon 1,160 wells in the San Jorge Gulf Basin previously operated by YPF.

8 sources. https://clstr.news/cluster/santa-cruz-government-monitors-well-abandonment-plan-in-san-jorge-gulf-basin

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Cite as: Oil industry operations in Santa Cruz. CLSTR, https://clstr.news/situations/oil-industry-operations-in-santa-cruz