YPF, led by CEO Horacio Marin, plans to expedite the sale of offshore exploration stakes in Argentina and Uruguay, focusing on mature fields and a gas distribution company afterward, to concentrate its efforts on the Vaca Muerta formation.
Argentina’s energy firm YPF is accelerating its divestiture strategy, which involves selling controlling stakes in offshore exploration projects located in Argentina and Uruguay. This move aims to decrease the company’s involvement in mature fields while enhancing focus on its most productive oil and gas area, the Vaca Muerta formation. Additionally, YPF plans to subsequently offer a gas distribution company for sale, as stated by CEO Horacio Marin.
YPF’s strategic shift to divest from offshore exploration reflects a commitment to concentrate resources on the Vaca Muerta region. This decision highlights the company’s prioritization of growth in its most prolific areas while reducing its engagement in less productive sectors.
Original Source: www.tradingview.com
