YPF made the decision to sell its conventional fields to bet everything on the black gold of Vaca Muerta. The company confirmed that starting in 2026 it will invest only in that region
This was confirmed by Horacio Marín, CEO of the company, during his participation in an event organized by the Argentine Institute of Oil and Gas (IAPG) in Houston, where he emphasized the oil company's decision to focus solely on the development of unconventional resources in Vaca Muerta.
This change in the company's strategy responds to a reorientation toward areas of greater profitability and growth potential, leaving behind operations in mature fields.
The transition to Vaca Muerta will begin with the divestment of 55 fields under the framework of the Andes project. In this regard, YPF has advanced in the sale of blocks in various provinces such as Mendoza, Neuquén, Río Negro, and Chubut, in addition to negotiations to transfer fields in Santa Cruz and Tierra del Fuego.
These operations are expected to be completed in the coming weeks. In the case of Santa Cruz, the blocks will be managed by Fomicruz, the provincial state company, which will seek to reconcession them by mid-2025.
Meanwhile, in Tierra del Fuego, YPF is closing the bidding process for several blocks, although Marín commented on the complexities involved in the contract conditions, which included high additional costs for the company.
In this context, Marín explained that the transfer of mature fields to the provinces represents an unprecedented process since the constitutional reform of 1994.
In fact, he highlighted that this operation will serve as a test case for other companies in the future, especially in those cases where liabilities exceed assets, as was the case with YPF in Tierra del Fuego.
