YPF: Near Deals with Bridas, Chevron to Develop Unconventional Energy

Date : 12/07/2012 @ 9:06AM
Source : Dow Jones News
Stock : Chevron Corp. (CVX)
Quote : 114.71  0.0 (0.00%) @ 6:21AM
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YPF: Near Deals with Bridas, Chevron to Develop Unconventional Energy

Y P F Sociedade Anon (NYSE:YPF)
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   By Sarah Kent 

LONDON--Argentine state oil company, YPF SA (YPF), is in advanced discussions with potential partners on the development of its shale assets, the company's chief executive said Friday.

YPF could complete a deal with Bridas Holding before the end of the year, while an agreement with U.S. oil major Chevron Corp. (CVX) will likely close in the first quarter of 2013, said Miguel Galuccio while speaking at a seminar in London.

Chevron signed a memorandum of understanding with YPF in September to explore for unconventional energy in Argentina.

Write to Sarah Kent at sarah.kent@dowjones.com

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