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YPF SA Reaches Agreement With Exxon Mobil Corp To Jointly Develop Hydrocarbons Deposits in Argentina-DJ
Dow Jones reported that YPF SA (YPF) has reached an agreement with Exxon Mobil Corp (Exxon) to jointly develop unconventional oil and gas deposits in Argentina. The deal involves the sprawling Vaca Muerta area in the provinces of Neuquen and Mendoza, where YPF and Exxon have made a number of important discoveries in the last two years. In a filing with the Buenos Aires Stock Exchange, YPF said its exploration program indicates the presence of an additional 1 billion barrels of unconventional oil resources and 60 million barrels of conventional oil resources in the province of Mendoza.
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