Overview
- YPF outbid Vista Energy and Tecpetrol to secure TotalEnergies’ 45% stakes in La Escalonada and Rincón La Ceniza for US$500 million.
- The two Neuquén blocks currently yield about 25,000 barrels per day of oil and associated gas, enhancing YPF’s high-margin shale production.
- Completion of the transaction remains subject to regulatory approval and customary closing conditions, with price adjustments tied to asset cash flows.
- YPF plans to channel increased output into its Argentina LNG venture with Shell and ENI, aiming for a final investment decision in early 2026.
- TotalEnergies will reinvest proceeds into new gas and renewable energy projects in Neuquén and Brazil while retaining its Argentine gas operations.