Overview

• YPF will acquire TotalEnergies’ 45% operator interest in the La Escalonada and Rincón de la Ceniza shale blocks for US$500 million, subject to regulatory approvals and closing adjustments.
• The two Neuquén blocks produce about 25,000 barrels per day of oil and associated gas and will join existing partners Shell (45%) and Gas y Petróleo del Neuquén (10%).
• YPF outbid competitors Vista Energy and Tecpetrol in the auction for the non-conventional assets.
• This deal follows YPF’s US$327 million acquisition of Sierra Chata interests from ExxonMobil and Qatar Energy in late 2024 as part of its non-conventional growth strategy.
• TotalEnergies plans to invest the sale proceeds in gas and renewable energy projects in Neuquén Province and Brazil.