YPF to Boost Activity 50% in One Year, President Assures

YPF President Horacio Marín has declared that the state-owned oil company is set to significantly boost its operational activity by 50% between December 2025 and December 2026. This expansion will be marked by an increase in drilling rigs from 12 to 19 in the upcoming months, with further acquisitions planned for 2027. Marín expressed optimism about YPF's future, anticipating surprising production increases when the company presents its performance to investors in April 2027.

"Neuquén is flying. We are going to increase activity by 50% from December to December. It's an important number. That is measured in drilling rigs. Last year we had 12 and this year we will have 19. And for next year we will continue increasing," Marín stated in an interview with José Del Rio on LN+.

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Neuquén vuela. La actividad la vamos a aumentar en un 50% de diciembre a diciembre. Es un número importante. Eso se mide en equipos de perforación. El año pasado teníamos 12 y este vamos a tener 19. Y para el próximo vamos a seguir aumentando.

Marín also addressed YPF's implementation of a fuel price buffer, introduced in response to the Middle East conflict. He explained that the buffer aimed to "reduce the increases" in fuel prices, preventing speculation during a period of uncertainty. YPF chose not to pass on the full impact of rising oil costs to consumers, understanding that further price hikes would lead to decreased consumption. "Uncertainty kills everyone. This is supply and demand. Consumption reached zero. So we understood that if we raised gasoline prices, people would consume even less. That's when we implemented 'I help you, you help me'," he remarked.

Looking ahead, Marín indicated that once the buffer period concludes, consumers will need to "help" YPF recover the losses incurred during the conflict. He stressed that the company's actions were not intended to create hardship but to prevent a complete collapse of the market. "We have to compensate. We are not generating something strong in people, otherwise we would have broken everything," he underscored, suggesting a delicate balance was maintained.

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La incertidumbre mata a todos. Esto es oferta y demanda. El consumo llegó a estar en cero. Entonces entendimos que si subíamos la nafta, la gente iba a consumir aún menos. Ahí implementamos el ‘yo te ayudo, vos me ayudás’.