Investments in Joint Operations (Tables)

12 Months Ended

Dec. 31, 2018

Investments accounted for using equity method [abstract]

Information of Assets, Liabilities and Expenses

The assets and liabilities as of December 31, 2018, 2017 and 2016, and expenses for the three fiscal years ended on December 31, 2018, 2017 and 2016 of the JO and other agreements in which the Group participates are as follows:


	2018		2017		2016
Noncurrent assets⁽¹⁾		130,272		66,887		63,145
Current assets		4,024		2,417		2,602

Total assets		134,296		69,304		65,747

Noncurrent liabilities		11,484		5,876		5,946
Current liabilities		9,695		5,524		6,293

Total liabilities		21,179		11,400		12,239


	2018		2017		2016
Production cost		39,713		24,471		21,624
Exploration expenses		242		767		849

(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, 2018, 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 - Area Vaca Muerta	Neuquén		22.50	%	Total Austral S.A.
Aguada Pichana - Residual	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 and 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	%⁽¹⁾	YPF
Magallanes	Santa Cruz, Tierra del Fuego and Plataforma Continental Nacional		50.00	%	Enap Sipetrol Argentina S.A.
Loma Campana	Neuquén and 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		50.00	%⁽²⁾	YPF
Bandurria Sur	Neuquén		51.00	%	YPF
Aguada de Castro y Aguada Pichana Oeste	Neuquén		30.00	%	Pan American Energy LLC

(1)	See Note 29.b.

(2)	YPF has a direct interest of 26% and an indirect interest of 24% through Bajo del Toro I S.R.L