Argentinian NOC YPF will divest half of its stakes in power generation subsidiary YPF Energia Electrica, international media reported Thursday.

YPF and AELP to invest $500 million in Argentina

BUENOS AIRES, January 15, 2016 – Argentinian oil company YPF and the US’ American Energy Partners will invest a shared USD 500 million in several projects in Argentina, according to a deal the companies signed Thursday.

Among the projects expected to be launched, the companies plan to invest in a new three-year project in the Bajada de Añelo block on the Vaca Muerta formation. Vaca Muerta is the second-largest shale gas deposit in the world and has turned Argentina into the world’s second-largest shale producer behind the US.


Other projects include development of the Cerro Arena. American Energy Partners plans to invest USD 60 million on the block.

“We intend to bring US-style shale drilling and operating expertise, completion techniques and cost structure to the Vaca Muerta,” the CEO of American Energy Partners, Aubrey K. McClendon, said.

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