YPF is expediting its plan to divest from offshore exploration projects in Argentina and Uruguay, focusing instead on the Vaca Muerta region for oil and gas production.
YPF, Argentina’s leading energy company, plans to accelerate its divestiture strategy. This includes selling controlling stakes in offshore exploration projects located in Argentina and Uruguay. Additionally, the company seeks to reduce its operations in mature fields and will consider offering a gas distribution firm for sale.
In summary, YPF is strategically refining its portfolio to concentrate on the Vaca Muerta formation, Argentina’s most productive area for oil and gas. The divestiture of offshore projects and mature fields is a key component of this strategy, aiming to enhance operational efficiency.
Original Source: www.tradingview.com
