YPF achieved a new record in its performance within the Argentine hydrocarbon sector during August, according to official data released by the Secretariat of Energy.
The company reached an operated oil production of 373,214 barrels per day, representing a 2.28% increase compared to July and constituting the highest level since the company began recording its historical series.
The Secretariat of Energy validated this data through the corresponding sworn statements for YPF's production chapter. Based on this information, various analysts estimated that the month's production amounted to 11.56 million barrels.
This monthly growth was mainly explained by the momentum recorded in the Neuquén Basin, which contributed 85% of the company's total production. Within that region, the Vaca Muerta formation was key, representing 77% of the total barrels produced in August.
YPF's report coincides with record national figures released by the Secretariat of Energy. The agency reported that the country's oil production reached 826,800 barrels per day in August, the highest level since January 1999.
