YPF: Vaca Muerta can still be developed even with lower oil prices
“At YPF, we’re on the path to becoming an unconventional company, which allows us to be resilient in the face of low crude prices,” said YPF CEO Horacio Marín
Reuters
Tuesday, 8 April 2025
Argentina’s Vaca Muerta formation can still be developed even with falling oil prices, said YPF CEO Horacio Marín.
“At $45 per barrel, we can develop all of Vaca Muerta. Of course, we make less money, but we don’t lose money, and development is still viable — that’s what’s known as the ‘break-even price,’” Marín said in an interview posted on his LinkedIn account.
“At YPF, we’re on the path to becoming an unconventional company, which allows us to be resilient in the face of low crude prices,” he added.
Crude prices were stabilizing but remained near four-year lows, as a rebound in stock markets was offset by fears of a recession worsened by the trade conflict between the United States and China, the world’s two largest economies.
YPF is divesting from mature oil fields to focus its investments on unconventional development, particularly in Vaca Muerta, where the company leads production.