YPF Accelerates Divestiture of Offshore Exploration Projects

Posted On: March 13, 2025
Posted By: Elias Gonzalez
Comments: 0

YPF, Argentina’s energy company, plans to divest from offshore exploration projects and mature fields to concentrate on the Vaca Muerta formation, its key oil and gas production area. CEO Horacio Marin highlighted the intention to streamline operations and potentially sell a gas distribution company in the future.

Argentina’s YPF is accelerating its divestiture plan, which includes the sale of controlling stakes in offshore exploration projects in both Argentina and Uruguay. CEO Horacio Marin stated that the strategy aims to reduce involvement in mature fields and eventually market a gas distribution company. This restructuring effort is designed to concentrate on Argentina’s most productive oil and gas region, the Vaca Muerta formation.

YPF’s divestiture plan signifies a strategic shift towards enhancing focus on the Vaca Muerta formation, which is known for its abundant oil and gas resources. By offloading offshore exploration and mature fields, YPF aims to optimize its operations and recover resources effectively.

Original Source: www.marketscreener.com

ARGENTINA ELI ENERGY HO HORACIO MARIN HOUSTON INDUSTRY MARIAN MARIANNA PARRAGA MINING NATURAL GAS SUPPLY NORTH AMERICA REUTERS ROBOTICS SOUTH AMERICA UNITED STATES URUGUAY VACA MUERTA YPF

Elias Gonzalez

Elias Gonzalez is a seasoned journalist who has built a reputation over the past 13 years for his deep-dive investigations into corruption and governance. Armed with a Law degree, Elias produces impactful content that often leads to social change. His work has been featured in countless respected publications where his tenacity and ethical reporting have earned him numerous honors in the industry.