Argentina's YPF Signs $405 Million Oil and Gas Asset Sale Agreement

en.Wedoany.com Reported - On August 5, Argentine energy company YPF signed sale agreements for two conventional oil and gas asset portfolios, Chachahuén and Mendoza No Operado, with a combined base price of $405 million, involving multiple conventional oil and gas assets in Mendoza Province and La Pampa Province. YPF submitted the relevant documents to Argentina's National Securities Commission on the same day, and the transactions remain subject to agreed closing conditions.

The Chachahuén asset portfolio was sold for $200 million, with buyers Energía Mendocina and Compañía Andina de Petróleo y Gas. Located in Mendoza Province, this portfolio produced approximately 10,000 barrels of oil and 30,000 cubic meters of natural gas per day in the second quarter of 2026.

The other transaction involves the Mendoza No Operado asset portfolio, priced at $205 million, with buyer San Benito Upstream. The related assets are distributed across Mendoza Province and La Pampa Province, currently operated by Pluspetrol, producing approximately 7,000 barrels of oil and 40,000 cubic meters of natural gas per day in the second quarter of 2026.

Both transactions continue YPF's plan to divest certain mature conventional oil and gas assets and adjust its upstream business structure. Under the company's "4×4" strategy, YPF is shifting its business focus toward Vaca Muerta shale oil and gas development, operational efficiency improvement, and the Argentina LNG project, while progressively advancing the disposal of conventional oil and gas blocks.