YPF to Accelerate Divestiture Plan to Focus on Vaca Muerta

YPF is expediting its divestiture plan, as stated by CEO Horacio Marin, to sell offshore exploration stakes and reduce presence in mature fields. The focus will shift to the Vaca Muerta formation, Argentina’s leading area for oil and gas production.

Argentina’s state-run energy company YPF is accelerating its divestiture strategy, as articulated by Chief Executive Officer Horacio Marin. This plan involves the sale of controlling stakes in offshore exploration projects located in both Argentina and Uruguay. Additionally, YPF intends to reduce its involvement in more mature fields and will subsequently offer a gas distribution company for sale.

The primary objective behind this strategic move is to streamline YPF’s operations, allowing the company to concentrate on the Vaca Muerta formation, Argentina’s most productive region for oil and gas production. This redirection is expected to enhance YPF’s overall efficiency and align its resources with areas of greater potential.

In summary, YPF’s divestiture plan, led by CEO Horacio Marin, is focused on selling stakes in offshore projects and reducing involvement in older fields. This strategy aims to concentrate efforts on the Vaca Muerta formation, thereby optimizing the company’s operations and enhancing its potential for future growth.

Original Source: www.marketscreener.com