Overview
- The sale covers five unconventional oil blocks in Vaca Muerta’s Neuquén Basin, including Aguada Pichana Este, San Roque, Pampa de Las Yeguas, Rincón La Ceniza and La Escalonada.
- Binding offers totalling about US$1 billion have been submitted by YPF, Vista Energy, Tecpetrol and Pan American Energy.
- TotalEnergies received board approval for the divestment and aims to close these deals in the second half of 2025.
- Proceeds will help the company reach its target to raise US$2 billion through additional sales of Nigerian assets and renewable energy units in the United States, France and Greece.
- TotalEnergies will maintain and expand its Argentine gas operations, which produce around 36 million cubic meters per day, underscoring its commitment to the local market.