YPF closed the agreement to acquire more than 50% of Sierra Chata

YPF closed the agreement to acquire more than 50% of Sierra Chata

This step reinforces the presence of YPF in the Argentine energy sector, consolidating its role in the development and distribution of natural gas.

YPF He finally closed the agreement to acquire 54.45% of Sierra Chata, a strategic block that was previously shared by Exxon and Qatar With Pampa Energía. The price of the transaction amounts to AU $ S160 million, consolidating the participation of the Petroleum state in a key area for the development of Shale-Gas in the country.

This purchase charges a special relevance in the context of the future reversal of the Northern gas pipeline, A vital infrastructure for the transport of gas nationwide. The integration of Chata Sierra It reinforces YPF’s position in the exploitation of unconventional resources, a fundamental step to guarantee the energy supply and the development of new gas sources.

The CNV statement

According to the document that the National Securities Commission (CNV) “was Byma and Mae, YPF SA. He informs that, on January 29, 2025, he successfully completed the acquisition of 100% of the social capital of Mobil Argentina SA (mass) “.

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This agreement was formalized through a contract for the sale of shares with exxonmobil Argentina upstream BV, Exxonmobil Exploration and Production Gemini BV, and Qatarenergy Argentina Holdings LLC, entities that belong to the exxonmobil and qatarenergy groups, respectively.

The total amount of the transaction amountedother of a corresponding price adjustment between the effective date and the closing of the operation.

“It is reported that, from this moment, mass will continue to operate under the new social denomination” SC gas Sau “, with YPF S as its unique shareholder. Finally, it is confirmed that, to date, there are no credits or debts between YPF And mass, “adds the document.

Source: Ambito

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