Argentina plans sweeping oil and gas asset sale to focus on shale production

February 21, 2024/in /by Rudolf Huber

Argentina has become synonymous with economic malaise and political populism for decades now. Still, if you walk the streets of Buenos Aires today you can feel the ghosts of past riches everywhere. The city looks like a second Paris and also gives off the same vibe. Argentina sits on some of the agriculturally most precious land in South America. Its seafront is easily accessible and open to the Atlantic. Domestic transport is facilitated by navigable rivers that all connect the hinterlands to the seafront. It has enough of a winter to ensure pest control, has rich black soil that enables agriculture without mountains of fertilizer, and also has plenty of oil and gas under its soil. It could become paradise again.

The assets YPF plans to sell are mainly aging oil fields across Patagonia that are less profitable than the crown jewel of its portfolio, shale patch Vaca Muerta, the official said.

worldoil.com

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