Overview

• YPF has launched the second phase of Project Andes to divest 16 mature conventional hydrocarbon blocks nationwide.
• The sale covers blocks in Salta, La Pampa, Río Negro and Chubut, and includes YPF’s last six conventional areas in Mendoza.
• Banco Santander will manage bids for both operated and non-operated sites under this round of asset transfers.
• Proceeds are earmarked to bolster YPF’s core operations at its Luján de Cuyo refinery and its CN7 and Paso Bardas Norte shale fields in Vaca Muerta.
• The first phase ceded 28 assets and YPF has reverted 11 mature areas back to provincial governments under its Plan 4x4 capital-reallocation strategy.