Equinor ASA is negotiating with YPF SA regarding the sale of its stakes in Argentine shale oil assets. Early talks suggest YPF would hold preferential rights. The company is also evaluating its assets as the Argentine market evolves under new policies aimed at boosting oil production.
Equinor ASA is in discussions to sell stakes in its shale oil assets in Argentina to its joint venture partner, YPF SA. These initial talks suggest YPF would have preferential rights in any divestment activity, as disclosed by a source familiar with the negotiations, who wished to remain anonymous. The Norwegian oil giant has commenced a valuation process of these assets to assess their potential sale.
Equinor is evaluating the sale of its Argentine shale assets amidst a favorable market environment under President Javier Milei’s administration. While the focus is on enhancing production in the Vaca Muerta region, the challenges in the Argentine oil sector persist, leading to mixed foreign investments. The outcome of these discussions could impact the dynamics within the local shale oil market.
Original Source: www.batimes.com.ar
