Argentina’s state-run oil company, YPF, has announced plans to invest $3bn in shale operations as part of its $5bn capital expenditure for 2024. The company plans to enhance its cash flow by divesting several conventional fields and use the obtained funds to bolster its shale operations in the Vaca Muerta formation. YPF, the country’s biggest oil and gas producer, plans to focus on developing its shale oil and natural gas resources to become a net exporter. It expects to become a world-class shale player and a relevant exporter of crude oil and LNG by 2030.
March 8, 2024
SOURCES: OFFSHORE TECHNOLOGY – LATIN FINANCE
MORE COVERAGE:
https://www.offshore-technology.com/news/ypf-3bn-shale/?cf-view
https://latinfinance.com/daily-brief/2024/03/07/ypf-to-drum-up-funds-for-investments/