YPF, Argentina’s state-run oil company, plans to secure $2 billion in financing by Q2 2025 for its Vaca Muerta Sur project, according to a company source. The project, led by Vaca Muerta Oil Sur (VMOS), aims to increase daily oil transportation from the Vaca Muerta formation to a coastal export terminal in Rio Negro province by 390,000 barrels.
The company is looking to attract $1.5 billion from international investors and $500 million locally, with potential partners including Pampa Energy, Vista, Shell, Chevron, and Pan American Energy.
“This pipeline will double the oil evacuation capacity from Vaca Muerta,” said YPF CEO Horacio Marin during a press conference in Buenos Aires. “The VMOS project will position Argentina as a major exporter in the region.”
YPF plans to finance 70% of the $3 billion project through external funding, with the remaining amount covered by equity from companies utilizing the pipeline capacity.
(Report by Eliana Raszewski; Editing by Nicolás Misculin, Alexander Villegas, and David Gregorio)