(彭博社) — 阿根廷国有石油公司 YPF SA 正在考虑出售多个业务部门和股份，其撤资计划旨在将其精力集中在备受瞩目的瓦卡穆埃尔塔页岩油田上。

位于内乌肯省的 Plaza Huincul 炼油厂是 YPF 距离阿根廷瓦卡穆埃尔塔页岩区最近的炼油厂（摄影师：Anita Pouchard Serra/彭博社）

YPF 首席执行官奥拉西奥·马林 (Horacio Marin) 在周五的财报电话会议上表示，YPF 正在接受巴西和智利业务的竞标，该公司在这两个国家销售润滑油和航空燃料等精炼产品。

阿根廷最大的石油和天然气生产商也已开始出售其在炼油商 Refinor 所持的 50% 股份。该公司还承诺出售其在天然气分销商 Metrogas SA 所持的 70% 股份 — — 但只有在总统哈维尔·米莱伊 (Javier Milei) 的自由市场改革（以公用事业价格上涨为特征）推高了 Metrogas 的价值后，该公司才会出售股份。

这一切都是 YPF 精简业务和通过优先在瓦卡穆埃尔塔进行钻探来提高公司股价的战略的一部分。YPF 预计将在今年下半年完成老旧常规油田的出售，从而腾出数亿美元用于页岩油投资。

页岩油占 YPF 第二季度产量的 52%，相当于 539,000 桶/天，高于去年同期的 45%。Marin 表示，该行业牵头建设新页岩油管道的计划也在加速推进，钻井商已在谈判中表示将填补三分之二的产能。

埃克森美孚公司在阿根廷出售的页岩油田与 YPF 非常契合，但马林不愿就保密的竞标过程发表进一步评论。

YPF 不会放弃所有非核心业务。Marin 表示，它将保留其在 Profertil SA（一家将天然气转化为肥料的公司）的 50% 股份，并寻找新的合作伙伴来帮助其提高产量，因为加拿大巨头 Nutrien Ltd. 正在虎视眈眈。

研发部门 Y-TEC 也不会被出售。但它将严格负责页岩钻探项目，从而缩减包括农业和能源转型在内的投资组合。

“我们的目标是提高你们的利润，”马林在投资者电话会议上表示，“没有其他目标。”

(Bloomberg) – Argentina’s state-run oil company, YPF SA, is moving to sell several business units and stakes as a divestment plan aimed at focusing its efforts on heralded shale patch Vaca Muerta gathers steam.

The Plaza Huincul facility in Neuquen province is YPF's closest refinery to the Vaca Muerta shale patch in Argentina (Photographer: Anita Pouchard Serra/Bloomberg)

YPF is receiving bids for its businesses in Brazil and Chile, where it sells refined products like lubricants and jet fuel, Chief Executive Officer Horacio Marin said Friday on an earnings call.

Argentina’s biggest oil and gas producer has also started the process of selling its 50% stake in refiner Refinor. And it is committed to divesting a 70% stake in natural gas distributor Metrogas SA — but only once President Javier Milei’s free-market reforms, which feature utility price hikes, have driven up Metrogas’ value.

It’s all part of a strategy to streamline YPF and boost the company’s share price by prioritizing drilling in Vaca Muerta. YPF expects to finish up selling aging conventional oil fields — freeing up hundreds of millions of dollars for shale spending — in the second half of the year.

Shale accounted for 52% of YPF’s second-quarter production of the equivalent of 539,000 bopd, up from 45% in the same period last year. Industry plans that it’s spearheading for a new shale oil pipeline are also accelerating, with drillers already negotiating to fill two thirds of capacity, Marin said.

Shale fields that Exxon Mobil Corp. has put up for sale in Argentina are a strong fit for YPF, but Marin wouldn’t comment further on the confidential bidding process.

YPF isn’t exiting all of its non-core businesses. Marin said it will keep its 50% stake in Profertil SA, which turns natural gas into fertilizers, and look for a new partner to help it boost production there as Canadian giant Nutrien Ltd. eyes the door.

Research and development arm Y-TEC won’t be sold either. But it will have a strict mandate to work on projects for shale drilling, shrinking a portfolio that’s included farming and the energy transition.

“Our goal is to improve profits for you,” Marin said on the investor call. “There is no other goal.”