The state company, renationalised in 2012, also reported gains in its net profits and production in its latest earnings report.

YPF has released scant information about its well results, but said the increases were due to new shale oil in the Vaca Muerta formation in the Loma Campana and Loma la Lata North areas and tight gas in the Lajas formation in Loma La Lata and Aguada Toledo Sierra Barrosa areas.

The