Seeking Alpha

YPF, Petronas move toward Vaca Muerta exploration deal

  • YPF (YPF +0.6%) says it signed a letter of intent with a subsidiary of Malaysia state energy company Petronas to work toward an investment and exploration agreement in Argentina's Vaca Muerta shale oil and gas fields.
  • YPF and Petronas plan to negotiate development of a 187 sq. km area of the Vaca Muerta formation known as La Amarga Chica; no financial details were announced.
  • YPF's oil and gas concessions cover ~40% of Vaca Muerta, which spreads across the provinces of Neuquen and Mendoza in southern Argentina; Chevron is funding most of a $1.5B joint venture with YPF to develop the formation.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs