YPF to acquire a 45% stake in two Vaca Muerta unconventional blocks from TotalEnergies for $500m.

YPF, a vertically integrated oil and gas company engaged in exploration, production, refining, and distribution, agreed to acquire a 45% stake in two unconventional oil and gas blocks in Argentina, Rincon La Ceniza and La Escalonada, from TotalEnergies, an integrated multi-energy company specializing in low-carbon electricity, renewable energy, and petrochemicals, for $500m. “The sale of Rincon La Ceniza and La Escalonada blocks is part of our active portfolio management strategy. This transaction allows us to unlock value from part of our portfolio, while focusing on the development of our core assets in the Neuquén Basin and in the offshore of Tierra del Fuego," Javier Rielo, TotalEnergies Senior Vice President Americas, Exploration & Production.