YPF sees Bridas, Chevron deals by year-end

Deal in sight: YPF chief Miguel Galuccio

Scanpix/AFP

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News Wires

 07 December 2012 13:49 GMT

Argentine energy firm YPF claimed on Friday it is close to inking two partnership deals, which would would help the company to investment goals and could help bring huge shale gas resources onstream months after it was nationalised.

YPF chief executive Miguel Galuccio was quoted by Reuters as saying to London investors as saying he expected the company to finalise a deal with US supermajor Chevron and one with Argentine company Bridas Holding before the end of the year.

"We are progressing with two companies. One is Chevron and the other is Bridas. We are now in the final stages of the commercial discussions," Galuccio told an investment seminar, the news wire said.

Chevron did not immediately respond to a request for comment from Upstream on the report.

YPF says it needs…

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