City of Buenos Aires, December 16, 2024
To the
COMISIÓN NACIONAL DE VALORES (CNV)
Sub-management of Issuing Companies
25 de Mayo 175
City of Buenos Aires
BOLSAS Y MERCADOS ARGENTINOS S.A. (ByMA)
Sarmiento 299, 2nd Floor
City of Buenos Aires
MERCADO ABIERTO ELECTRÓNICO S.A. (MAE)
San Martín 344
City of Buenos Aires
Dear Sir or Madam:
I am pleased to address you, in my capacity
as Head of Market Relations of YPF S.A. (the Company) in compliance with the requirements of the Rules of the National Securities Commission, and the corresponding rules of ByMA and MAE, in order to announce the Companys
participation in the Vaca Muerta Sur Project, in its capacity as shareholder in VMOS S. A. (VMOS), together with Vista Energy Argentina S.A.U., Pampa Energía S.A. and Pan American Sur S.A. (collectively, the
Shareholders).
In this regard, it is reported that at the VMOS board meeting held on December 13, the construction of the Vaca
Muerta crude oil export pipeline (the Project) was unanimously approved. The Project will have an extension of 437Km, will have a loading and unloading terminal with interconnected monobuoys and a tank and storage yard.
Construction of the Project will commence immediately with the objective of achieving mechanical completion during the 4th quarter of 2026 and commencement of
commercial operations on July 31, 2027. The Shareholders have committed approximately 275 thousand barrels per day of capacity and in turn VMOS has granted options to Chevron Argentina S.R.L., Pluspetrol S.A. and Shell Argentina S.A.,
among others, which may commit an additional capacity of at least 230,000 barrels per day of firm transportation.
The Projects design capacity will
allow the transportation of up to 550,000 barrels per day during commercial operation, which can be increased to 700,000 barrels per day if necessary.
The Project represents the largest hydrocarbon export infrastructure in Argentina and will require an investment of approximately US$3 billion, which
will be financed by Shareholders contributions and local and/or foreign financing to be granted to VMOS during 2025.