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YPF Chevron Agreement To develop Vaca Muerta – YPF S.A.

YPF S.A. · Aug 29, 2013 · 16 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. YPF Chevron Agreement To develop Vaca Muerta – YPF S.A. – slide 1
    YPF - Chevron Agreement To develop Vaca Muerta
  2. YPF Chevron Agreement To develop Vaca Muerta – YPF S.A. – slide 2
    Agenda 1 The importance of Unconventional 2 Strategic partner and investment project magnitudes 3 Description of the agreements
  3. YPF Chevron Agreement To develop Vaca Muerta – YPF S.A. – slide 3
    Energy Deficit Growing imports that Exports 6.5 6.5 6.5 6.5 do not favor the and imports trade balance Oil, fuels and natural gas In 2011 Argentina Billion dollars became a net energy Exports 3.8 2.0 importer Imports -2.9 -2.8…
  4. YPF Chevron Agreement To develop Vaca Muerta – YPF S.A. – slide 4
    Argentinas hydrocarbons resource potential Oil potential Natural gas potential NOROESTE (Bbbls) (Tcf) 29 4.4 CUYANA NEUQUINA GOLFO 27 802 SAN JORGE AUSTRAL Conventional Conventional (Oil 3P + Resources) (Nat. gas…
  5. YPF Chevron Agreement To develop Vaca Muerta – YPF S.A. – slide 5
    Vaca Muerta World class asset Total Shale Oil Main unconventional acreage Area 30,000 km2 and Gas holders in America EUR 20 - 40 Bbbl EUR 100 - 200 TCF Chesapeake Approximately 100 years of ExxonMobil current production YPF…
  6. YPF Chevron Agreement To develop Vaca Muerta – YPF S.A. – slide 6
    Vaca Muerta, LLLN LC / Today Production Number of Drilling Rigs (Unconventional) 20 19 11,800 boe/d 18 as of July 2013 16 15 14 +90 wells 12 11 in production 10 8 7 6 4 4 2 3.3% of total YPFs VM acreage (*) 0 2011…
  7. YPF Chevron Agreement To develop Vaca Muerta – YPF S.A. – slide 7
    Agenda 1 The importance of Unconventional 2 Strategic partner and investment project magnitudes 3 Description of the agreements
  8. YPF Chevron Agreement To develop Vaca Muerta – YPF S.A. – slide 8
    Chevron Experience and financial capacity 3rd oil company 5th producer In the world Of unconventional gas worldwide Market cap 235 billion dollars Sales (2012) 3rd holder Shale acreage, 222 billion dollars mainly in Marcellus and…
  9. YPF Chevron Agreement To develop Vaca Muerta – YPF S.A. – slide 9
    Chevrons initial investment 1 cluster First 20 km2 - pilot Investment 1,240 million dollars 20 km2 Wells Massive development +100 290 Km2 Drilling rigs 19 (as of December 2013) Direct employees +1,500 700 drilling 300…
  10. YPF Chevron Agreement To develop Vaca Muerta – YPF S.A. – slide 10
    Project Magnitudes - 35 years Total Total operating Drilling investment costs activity +16,000 Million dollars +9,000 Million dollars +1,500 New wells Cumulative Royalties to Production Plateau production the Province +50,000…
  11. YPF Chevron Agreement To develop Vaca Muerta – YPF S.A. – slide 11
    Agenda 1 The importance of Unconventional 2 Strategic partner and investment project magnitudes 3 Description of the agreements
  12. YPF Chevron Agreement To develop Vaca Muerta – YPF S.A. – slide 12
    Agreements between the different Parties Investment Agreement (Signed Agreement between (Signed 07/24/2013) (Ratified by Congress between YPF and Chevron 07/16/2013) YPF and Neuqun 08/28/2013) Creates the general framework for…
  13. YPF Chevron Agreement To develop Vaca Muerta – YPF S.A. – slide 13
    Investment Agreement YPF - Chevron / Schedule 1st stage Pilot project for the drilling of 1st disbursement: Chevron advances 300 million dollars to pay 50% of the + 100 wells investments made by YPF to date. YPF guarantees this amount…
  14. YPF Chevron Agreement To develop Vaca Muerta – YPF S.A. – slide 14
    Myths and realities about shale Myths Realities Hydraulic stimulation No. In Argentina hydrocarbons are separated by 2 km of rock threatens ground water from aquifers and groundwater is well protected with steel casing and cement…
  15. YPF Chevron Agreement To develop Vaca Muerta – YPF S.A. – slide 15
    Myths and realities of the YPF - Chevron Agreement 1/2 Myths Realities Chevron invests pesos Dollars come from abroad through the sole free foreign exchange that it already has in Argentina market for the total investment YPF…
  16. YPF Chevron Agreement To develop Vaca Muerta – YPF S.A. – slide 16
    Myths and realities of the YPF - Chevron Agreement 2/2 Myths Realities The Agreement has There are no secret clauses, it is just confidential in compliance secret clauses with the regulations that apply to any publicly traded company…

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