(YPF, 7.Mar.2024) — YPF SA reported total hydrocarbon production averaged 514 Kboe/d in 2023 (+2% vs. 2022) and 511 Kboe/d in 4Q23 (-2% q/q but +2% y/y), mainly boosted by the expansion in crude oil production, while natural gas production declined by 3% in 2023 driven by lower demand. 46% of 2023 total production was shale. Shale oil production continued delivering an impressive growth rate of 27% in 2023, reaching 109 Kbbl/d in 4Q23 (+28% y/y), while Medanito oil exports to Chile stabilized in 19 Kbbl/d.
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