YPF Ready to Sell Another 16 Conventional Oil Areas

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Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)-- Argentine state company YPF (Buenos Ares, Argentina) announced the sale of its stakes in 16 blocks, some of which are operated by the company. These are conventional or mature assets located in provinces such as Salta, Chubut, La Pampa and Rio Negro.

The announcement is part of the Andes Project, launched in 2024 and spearheaded by Banco de Santander, which aims to divest YPF's assets in some parts of the country as the company aims to focus on the development of shale assets in Vaca Muerta.

So far, the company has completed the transfer of 28 conventional assets in the provinces of Chubut, Mendoza, Neuquen and Rio Negro.

At the same time, YPF is advancing on the return of 11 concessions to their respective provinces. The company has already signed agreements with the provinces of Santa Cruz and Formicruz for the return of 10 concessions and with Chubut for the Restinga Ali area.

According to YPF, developments across Vaca Muerta could generate as much as US$30 billion in exports for Argentina by 2030.

YPF is Argentina's largest producer with an output of 536,000 barrels of oil equivalent per day (BOE/d) in 2024, and it has seen a boost in its production given the developments of its assets in Vaca Muerta, which are expected to continue growing in the next few years.

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