Strong Brent prices helped the Argentinian firm post a quarterly profit
YPF targets Vaca Muerta upsurge
In the wake of positive financials, the Argentinian operator is lifting capex spend and is bullish on barrels
Shale production from the Vaca Muerta basin is rapidly offsetting dwindling conventional output in Argentinian state oil company YPF’s portfolio and is primed for strong growth heading into 2022. The company achieved record shale output of 61,000bl/d in October, having increased supply by 38pc across Q3 compared with the previous quarter. “Shale production in Vaca Muerta is absolutely essential for YPF to offset the decline in conventional production, which is expected to run at a 10pc rate,” says Ezequiel Fernandez, equity and credit research director at Argentinian investment bank Balanz Capital. “We expect shale oil production next year to grow [by] 40pc, provided the pricing environment
Also in this section
2 May 2025
Fast-tracking US project approvals and increased trade pressures have already changed the LNG landscape since Trump came to office, with further transformation ahead
2 May 2025
Peru’s state-owned hydrocarbons agency has launched the search for new investors for Offshore Block Z-69, a high-potential asset in the prolific Talara Basin.
2 May 2025
The scars of the Russia crisis have accelerated Europe’s push to wean itself off gas dependence as the growing globalisation of LNG becomes a double-edged sword
1 May 2025
The NOC’s dire financial situation and maturing fields have left the authorities with little choice but to reduce crude expectations
