DivestmentAug 6, 2026, 06:10 AM
YPF Sells Mendoza Non-Operated Cluster for $205M
AI Summary
YPF S.A. announced an agreement to assign its interest in the Mendoza Non-Operated cluster to San Benito Upstream S.A.U. for $205 million. This transaction, which includes associated pipelines and material stock, is part of YPF's strategic 4x4 Plan to optimize its conventional Upstream portfolio. The company aims to focus investments on unconventional fields to maximize value for shareholders.
Key Highlights
- YPF agreed to assign its Mendoza Non-Operated cluster to San Benito Upstream S.A.U.
- The agreed price for the assignment is $205 million, with an effective date of January 1, 2026.
- The transaction includes the assignment of pipelines and existing material stock.
- The cluster comprises 30.01% of CNQ-7 Gobernador Ayala and 50% of CNQ-7A and Jagüel Casa de Piedra.
- During Q2 2026, attributable production was 7 thousand bbl/day of oil and 0.04 million m³/day of natural gas.
- This divestment is part of YPF's 4x4 Plan to optimize its conventional Upstream portfolio.
- The strategy focuses on activities and investments in unconventional fields to maximize value.
Price Impact
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