Investments in Joint Operations (Tables)

12 Months Ended

Dec. 31, 2017

Information of Assets, Liabilities and Expenses

The assets and liabilities as of December 31, 2017, 2016 and 2015, and expenses for the three fiscal years ended on December 31, 2017, 2016 and 2015 of the JO and other agreements are as follows:


	2017		2016		2015
Noncurrent assets⁽¹⁾		66,887		63,145		47,322
Current assets		2,417		2,602		944

Total assets		69,304		65,747		48,266

Noncurrent liabilities		5,876		5,946		4,593
Current liabilities		5,524		6,293		6,391

Total liabilities		11,400		12,239		10,984


	2017		2016		2015
Production Cost		24,471		21,624		12,959
Exploration expenses		767		849		395

(1)	It does not include charges for impairment of property, plant and equipment because they are recorded by the partners participating in the JO.

Information about Joint venture production exploration

As of December 31, 2017, the main exploration and production JO in which the Group participates are the following:


Name	Location	Participation		Operator
Acambuco	Salta		22.50%	Pan American Energy LLC
Aguada Pichana	Neuquén		27.27%	Total Austral S.A.
Aguaragüe	Salta		53.00%	Tecpetrol S.A.
CAM-2/A SUR	Tierra del Fuego		50.00%	Enap Sipetrol Argentina S.A.
Campamento Central / Cañadón Perdido	Chubut		50.00%	YPF
Consorcio CNQ 7/A	La Pampa y Mendoza		50.00%	Pluspetrol Energy S.A.
El Tordillo	Chubut		12.20%	Tecpetrol S.A.
La Tapera y Puesto Quiroga	Chubut		12.20%	Tecpetrol S.A.
Lindero Atravesado	Neuquén		37.50%	Pan American Energy LLC
Llancanelo	Mendoza		61.00%	YPF
Magallanes	Santa Cruz, Tierra del Fuego y Plataforma Continental Nacional		50.00%	Enap Sipetrol Argentina S.A.
Loma Campana	Neuquén y Mendoza		50.00%	YPF
Ramos	Salta		42.00%	Pluspetrol Energy S.A.
Rincón del Mangrullo	Neuquén		50.00%	YPF
San Roque	Neuquén		34.11%	Total Austral S.A.
Yacimiento La Ventana – Río Tunuyán	Mendoza		70.00%	YPF
Zampal Oeste	Mendoza		70.00%	YPF
Narambuena	Neuquén		50.00%	YPF
La Amarga Chica	Neuquén		50.00%	YPF
El Orejano	Neuquén		50.00%	YPF
Bajo del Toro	Neuquén		52.00%	YPF
Bandurria Sur	Neuquén		51.00%	YPF