The net contribution of these assets to Vista is significant, adding approximately 21,869 boe/d (based on Q3 2025 production at post-deal stakes) and 54 million boe of additional proven reserves.
The Anglo-Dutch oil company is weighing a sale of its assets in the Neuquén shale formation, valued in the billions of dollars, amid a global reshuffling of its energy portfolio.
The main change is the modification of the export duty framework established under Decree 488/2020. When Brent trades at or below $65, the retention is 0% (no export duty). When it reaches or exceeds $80, the maximum rate of 8% applies. In the intermediate range (between $65 and $80), the rate increases gradually.
YPF and Pluspetrol sealed a cashless asset swap that will allow the state-controlled oil company to consolidate full control of three key areas in Vaca Muerta, while the private firm repositions itself in high-potential blocks through Vaca Muerta Inversiones.
The government implemented a new framework to guarantee gas supply during peak-demand months, shifting the import and commercialization of liquefied natural gas (LNG) to the private sector and eliminating state intermediation.
In 2025, Argentina recorded the largest energy trade surplus in its history. In the coming years, that record could be surpassed as projects approved and under review through the Incentive Regime for Large Investments (RIGI) move forward. Some analysts forecast an energy trade balance generating a combined $48 billion by 2030 and $67 billion by 2035.
Argentina’s economy is entering a strategic moment, driven by the rise of its energy and mining sectors, within a global context where major powers are seeking critical resources from allies to strengthen “friendly” supply chains.
After successfully integrating the Loma Jarillosa Este block, which it operates 100%, and Puesto Silva Oeste, the company is preparing an aggressive drilling program and reinforcing its strategy for sustained growth.
The loading and export of crude from Neuquén Basin operators to the United States was carried out more efficiently and quickly thanks to newly inaugurated infrastructure built in partnership with Oldelval.
With unconventional oil growing at an annual rate of 31% and gas keeping pace in the flagship basin, Argentina is sending a clear signal to international markets: the country has a world-class shale play.
Both companies signed an asset swap agreement. YPF acquires Pluspetrol’s stake in the Meseta Buena Esperanza, Aguada Villanueva and Las Tacanas blocks, three areas considered strategic for the development of the Argentina LNG project. Pluspetrol, in turn, acquires an interest in the La Escalonada and Rincón de Ceniza blocks.
The memorandum acts as a kind of “local RIGI,” setting out clear conditions and long-term commitments for executing the project within provincial territory.
In 2025, Argentina’s energy sector posted a trade surplus of $7.815 billion, representing 70% of the country’s total annual trade surplus. In December, oil production reached a record 868,712 barrels per day.
Preparatory work is underway for the directional drilling on the north bank, while on the south bank a welded and hydrostatically tested pipe section is ready for insertion, with additional works still pending at the site.
Analysts from UBS, Kpler, Ninepoint and Bison offer a technical take on Venezuela, Iran, energy and the market impact of geopolitical decisions led by Donald Trump and his former European allies.
