Argentina's YPF signs $405 million sale of two oil and gas clusters
06/08/2026 24:31
Argentina's YPF signs $405 million sale of two oil and gas clusters Aug 5 (Reuters) - Argentina's YPF said on Wednesday it had signed agreements to sell two conventional oil and gas asset clusters for a combined $405 million, the latest step in the company's strategy to shed mature fields and focus on unconventional development.
The state energy firm said it agreed to transfer its stake in the Mendoza cluster to San Benito Upstream for $205 million, along with its stake in the Chachahuen cluster in Mendoza to Energia Mendocina and Compania Andina de Petroleo y Gas for $200 million.
(Reporting by Kylie Madry, Editing by Daina Beth Solomon)
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