YPF Announces $25 Billion Vaca Muerta Investment to Boost Exports

Argentina's state-owned energy giant YPF has unveiled a monumental $25 billion investment plan for the Vaca Muerta shale formation, signaling a new era of energy development and export growth for the nation. This ambitious project, spanning 15 years, is poised to significantly ramp up oil and gas production, with a clear focus on international markets.

The investment is strategically bolstered by the expansion of the "Régimen de Incentivo para Grandes Inversiones" (RIGI), a framework designed to accelerate major projects. YPF's commitment, alongside other key industry players like Pan American Energy and Shell, underscores the potential of Vaca Muerta to become a global energy powerhouse. The project's success hinges on integrated development, leveraging shared resources and infrastructure, including the crucial Vaca Muerta Oil Sur pipeline.

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This RIGI is fundamental for the growth and the program of YPF, of Vaca Muerta, and of Argentine exports. At this moment we are gathering all the areas that we have at 100%, which allow us to increase and grow production very quickly, so we are very happy that we were able to put it together.

From an Argentine perspective, this is more than just an investment; it's a declaration of energy independence and economic revitalization. The projected $6 billion in annual exports by 2032 and the creation of 6,000 direct jobs represent a substantial boost to our national economy. This initiative aligns with our long-term vision of harnessing our natural resources to secure a prosperous future, demonstrating to the world Argentina's capacity for large-scale, impactful energy projects.

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It is the most important oil export program in Argentina and the largest presented under the RIGI. But this is much more than an investment. It is the beginning of a new stage.