Bloomberg News

YPF to Lose Three More Licenses in Argentina, Rio Negro Reports

March 27, 2012

Argentina’s Rio Negro province will revoke three oil-field licenses from YPF SA (YPFD), the country’s largest energy company, newspaper Rio Negro reported today, citing a government official it didn’t identify.

The three areas are producing less than output targets set by the provincial government, the newspaper said. YPF has five fields in the southern province, according to the report. The Buenos Aires-based company has had 13 oil-field concessions revoked this month, including the three announced today.

To contact the reporter on this story: Rodrigo Orihuela in Rio de Janeiro at rorihuela@bloomberg.net

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net


Ebola Rising
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus