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TotalEnergies divests 45% stake in two Argentine blocks

TotalEnergies sells 45% stake in Argentina oil and gas blocks to YPF for $500 million
TotalEnergies said on Wednesday that its affiliate Total Austral had agreed to sell its 45% interest in two unconventional oil and gas blocks to Argentina's YPF.
TotalEnergies divests 45% stake in two Argentine blocks for $500m
The transaction involves the Rincon La Ceniza and La Escalonada blocks, valued at approximately $10,000 per acre.
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Argentina: TotalEnergies Divests Its Interest in Two Vaca Muerta Unconventional Blocks
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces that its affiliate Total Austral has signed an agreement with YPF SA for the sale of its 45% operated interest in two unconventional oil and gas blocks in Argentina, Rincon La Ceniza and La Escalonada, for an amount of USD 500 million at a valuation of around 10,000 USD/acre.
TotalEnergies Sells 45% Stake in Argentine Oil Blocks for $500 Million
TotalEnergies has announced the sale of its 45% operated interest in two oil and gas blocks in Argentina—Rincon La Ceniza and La Escalonada—to YPF SA for $500 million
TotalEnergies to sell stake in two Argentina oil and gas blocks to YPF in $500M deal
TotalEnergies said it agreed to sell its 45% interest in two unconventional oil and gas blocks in Argentina to YPF for $500M.
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YPF is nearing a $400–$500 million deal to acquire TotalEnergies’ shale assets in Argentina’s Vaca Muerta, strengthening its ...
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