Friday, December 7, 2012
YPF sees deals with Bridas, Chevron before end 2012
Energy company YPF expects to finalise an agreement with Bridas Holding for it to make a substantial invesmtent in YPF's shale assets before the end of 2012, YPF's chief executive said today.
YPF chief executive Miguel Galuccio also said he expected the company to agree commercial terms with US oil major Chevron on a shale exploration tie-up before the end of the year, building on an accord the two inked in September.
The owner of Bridas Holding, an Argentine company which holds a stake in Pan American Energy through its involvement in Bridas Corp, said yesterday that it was planning to strike a deal with YPF.
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