US EditionYPF Set to Buy TotalEnergies’ Shale Assets
ARGENTINA, AUG 5 – YPF aims to expand its lead in the Vaca Muerta shale play by acquiring assets from TotalEnergies in a deal valued up to $500 million, boosting Argentina's energy output.
- Argentina's state-owned company YPF bought a 45% stake in the Rincón La Ceniza and La Escalonada shale fields from TotalEnergies for $500 million.
- This acquisition follows government efforts to boost foreign investment and reduce reliance on outside firms by increasing local control over shale assets.
- YPF currently holds fracking rights over 51,000 acres in Vaca Muerta, where oil production jumped 26% last year, topping 447,000 barrels per day.
- YPF accounts for 55% of oil and 45% of natural gas production in Vaca Muerta, with plans to nearly triple export capacity by 2027 and target $30 billion in energy exports by 2030.
- YPF's expanded role could advance Argentina's energy independence, attract long-term investments, and help stabilize the economy by increasing oil and gas exports.
21 Articles
21 Articles
Argentina's YPF Consolidates Domestic Hold on the Country's Oil Treasures by Buying Out TotalEnergies
Argentina’s state-owned oil company, YPF, just bought a major 45% stake in two valuable shale oil fields—Rincón La Ceniza and La Escalonada—from France’s TotalEnergies for $500 million. These fields sit in Vaca Muerta, one of the world’s largest shale oil and gas basins. Shell holds an equal 45% share, while Neuquén province’s oil firm owns […]
The Argentine oil company expands its business of shale oil, the most easily exportable product of Vaca Muerta.The French company will use the money for new investments in gas, either in Argentina or Brazil.
YPF Set to Buy TotalEnergies’ Shale Assets
Argentina’s energy company YPF is nearing a deal for the acquisition of shale assets in the country owned by French supermajor TotalEnergies, Bloomberg has reported, citing unnamed sources in the know. TotalEnergies has stakes in two fields that are part of the Vaca Muerta shale play but an underdeveloped part. YPF has been very active in the development of other parts of the formation and looking for growth opportunities in what many have calle…
The operation was confirmed to Infobae by private sources and will be informed tomorrow at the National Securities Commission. The nationalization of hydrocarbon businesses is growing.
The president and CEO of YPF, Horacio Marín, said that the economic potential of the training is even greater than estimated; the company advances in LNG projects with Shell and ENI, and is positioned to acquire assets from TotalEnergys
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