Argentina: totalenergies divests its interest in two vaca muerta unconventional blocks

Paris--(business wire)--totalenergies (paris:tte) (lse:tte) (nyse:tte) announces that its affiliate total austral has signed an agreement with ypf sa for the sale of its 45% operated interest in two unconventional oil and gas blocks in argentina, rincon la ceniza and la escalonada, for an amount of usd 500 million at a valuation of around 10,000 usd/acre. located in the vaca muerta area in the neuquÉn basin, these concessions (51,000 net acres) are currently in a pilot development phase. total.
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