State-run oil company
YPF
launched the "Andes" project this month
to sell 55 mature conventional fields
and focus its investments in Vaca Muerta. The operation was carried out by Banco Santander and there is talk in the market that the company could raise
up to 800 million dollars.
During an event organized by EconoJournal and La Mañana de Neuquén, Horacio Marín, the president and CEO of YPF, said that they want to
sell all areas before September 1.
To get interested parties abroad
, one of the company's managers begins an
international tour (
road show
)
this week . This is the vice president of Strategy, New Business and Management Control of YPF,
Maximiliano Westen
, who this Tuesday afternoon participated in a meeting at the Canadian Embassy with the Argentine-Canadian Chamber of Commerce (CCAC).
The chamber has among its partners the oil company
Crown Point
, with mixed Canadian and Argentine capital - along with the
Services and Transactions Group, GST
-, Profertil and Calfrac, among others.
Then he will travel to
Houston, United States
, where he will speak on Thursday the 18th to businessmen in the sector in a day coordinated with the IAPG Houston and the Argentine consulate.
Later, Westen will leave for
Calgary
, capital of the Canadian province of Alberta, where he will participate in a meeting organized by the Canadian Global Energy Forum (CGEF).
To achieve a better result, the conventional areas were grouped into different "
clusters
" that include the provinces of Mendoza, Neuquén, Río Negro, Chubut and Tierra del Fuego. According to sector sources, small and medium-sized companies are the most suitable to operate mature fields, due to a question of cost scale.
Some companies that are interested in these areas are
Aconcagua Energía and Pecom
. Also making noise in the industry
are Capsa, Phoenix Global Resources (where
José Luis Manzano
has investments
),
GeoPark
and businessman
Cristóbal López
.
YPF maintains a dialogue with all the actors involved, "especially with the governors and unions", seeking the best alternatives to guarantee jobs during the transition and contribute to local development, since this decision energizes the industry as a whole. because it incorporates new actors into the development of these areas, the oil company reported.
In turn, YPF will optimize its investment by concentrating on those conventional and unconventional areas that generate greater value for the company and its shareholders and are more in line with its scale.
This is one of the pillars of YPF's new Strategic Plan that seeks to quadruple the value of the company in the next 4 years.
The new strategy, baptized “
Plan 4x4
” and designed before his assumption by the new president and CEO,
Horacio Marín
, seeks to transform YPF - which functions as a private company, but with the management of the State - into a energy company of “world class” and aspires to transform the country into a major exporter of hydrocarbons (oil and gas) by 2030.
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