Bloomberg News

YPF Says It’s in Talks With Exxon on Argentine Shale Venture

March 29, 2012

YPF, Argentina’s largest energy company, said it’s in talks with Exxon Mobil Corp. (XOM:US) to develop shale oil in Argentina and that no agreement has been signed.

Argentine newspaper El Cronista reported today that the two companies agreed to a joint venture in the Vaca Muerta formation. YPF spokesman Sergio Resumil commented today on the talks.

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


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