YPF has acquired a 45% interest in two unconventional oil and gas blocks, La Escalonada and Rincón La Ceniza, from Total Austral, an affiliate of TotalEnergies. The transaction is valued at $500 million, reinforcing YPF's dominant position in the Vaca Muerta shale formation.
These newly acquired blocks are strategically located in the 'sweet spot' of North Vaca Muerta's oil and wet gas window. They boast an outstanding well inventory of over 500 wells across nearly 115,000 acres, providing substantial future development potential.
This acquisition is expected to accelerate YPF's future oil production, extend the duration of its production plateau, and strengthen its leading position in Vaca Muerta reserves. It aligns with the company's '4x4 plan' to focus on profitable unconventional assets and quadruple its value.
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