YPF expects to complete divestment from mature fields by Q3

Argentina's state-controlled oil company YPF expects to complete its divestment from mature conventional production fields by the third quarter of 2025, CEO Horacio Marín said.

YPF's board has approved a plan to sell these mature assets to focus its investments on more profitable conventional and unconventional areas.

"We believe that in a couple of months we will finish in Santa Cruz province, as well as in Tierra del Fuego, which is small," Marín said during a call with investors. "I think we will be out of the mature fields this year, I would say by the third quarter."

YPF, the country’s largest oil company, aims to quadruple its market value over the next four years by boosting production in the Vaca Muerta shale formation, located in Neuquén, which holds the world’s second-largest shale gas reserve and the fourth-largest shale oil reserve.