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Investments in Joint Operations | 12 Months Ended
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Dec. 31, 2022
Investments accounted for using equity method [abstract] |
Investments in Joint Operations |
29. | INVESTMENTS IN JOINT OPERATIONS
The Group participates in JO and other agreements that give to the Group a contractually established percentage over the rights of the assets and obligations that emerge from the contracts. Interest in such JO and other agreements have been consolidated line by line on the basis of the above mentioned interest over the assets, liabilities, income and expenses related to each contract. Interest in JO and other agreements have been calculated based upon the latest available financial statements as of the end of each year, taking into consideration significant subsequent events and transactions as well as management information available. The exploration and production JO and other agreements in which the Group participates allocate the hydrocarbon production to each partner based on the ownership interest. Consequently, such hydrocarbons are commercialized directly by the partners recognizing each of them the corresponding economic effects. The assets and liabilities as of December 31, 2022, 2021 and 2020, and main expenses for these fiscal years of the JO and other agreements in which the Group participates are as follows:
|  | 2022 |  | 2021 |  | 2020
Non-current assets (1) |  |  | 4,221 |  |  |  | 3,497 |  |  |  | 3,360 |
Current assets |  |  | 157 |  |  |  | 113 |  |  |  | 73 |
Total assets |  |  | 4,378 |  |  |  | 3,610 |  |  |  | 3,433 |
Non-current liabilities |  |  | 294 |  |  |  | 270 |  |  |  | 251 |
Current liabilities |  |  | 514 |  |  |  | 356 |  |  |  | 257 |
Total liabilities |  |  | 808 |  |  |  | 626 |  |  |  | 508 |
Production cost |  |  | 1,435 |  |  |  | 1,412 |  |  |  | 1,240 |
Exploration expenses |  |  | 2 |  |  |  | 1 |  |  |  | 4 |
(1) | It does not include charges for impairment of property, plant and equipment because they are recorded by the partners participating in the JO and other agreements.
As of December 31, 2022, 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 de Castro y Aguada Pichana Oeste |  | Neuquén |  | 30.00% |  | Pan American Energy LLC
Aguada Pichana Este - Área Vaca Muerta |  | Neuquén |  | 22.50% |  | Total Austral S.A.
Aguada Pichana Este - Residual |  | Neuquén |  | 27.27% |  | Total Austral S.A.
Aguaragüe |  | Salta |  | 53.00% |  | Tecpetrol S.A.
Bajada Añelo |  | Neuquén |  | 50.00% |  | O&G Developments LTD S.A.
Bajo del Toro |  | Neuquén |  | 50.00% |  | YPF
Bandurria Sur (1) |  | Neuquén |  | 40.00% |  | YPF
CAM-2/A SUR |  | Tierra del Fuego |  | 50.00% |  | Enap Sipetrol Argentina S.A.
Campamento Central / Cañadón Perdido |  | Chubut |  | 50.00% |  | YPF
CAN 100 (1) |  | Argentine Government |  | 35.00% |  | Equinor Argentina BV (Sucursal Argentina)
CAN 102 |  | Argentine Government |  | 50.00% |  | YPF
CAN 114 |  | Argentine Government |  | 50.00% |  | Equinor Argentina AS (Sucursal Argentina)
Chachahuen |  | Mendoza |  | 70.00% |  | YPF
Consorcio CNQ 7/A |  | La Pampa and Mendoza |  | 50.00% |  | Pluspetrol S.A.
El Orejano |  | Neuquén |  | 50.00% |  | YPF
El Tordillo |  | Chubut |  | 12.20% |  | Tecpetrol S.A.
La Amarga Chica |  | Neuquén |  | 50.00% |  | YPF
La Calera |  | Neuquén |  | 50.00% |  | Pluspetrol S.A.
Lindero Atravesado |  | Neuquén |  | 37.50% |  | Pan American Energy LLC
Loma Campana |  | Neuquén and Mendoza |  | 50.00% |  | YPF
Loma del Molle |  | Neuquén |  | 50.00% |  | ExxonMobil Exploration Argentina S.R.L
Magallanes |  | Santa Cruz, Tierra del Fuego and National Continental Shelf |  | 50.00% |  | Enap Sipetrol Argentina S.A.
MLO 123 |  | Argentine Government |  | 37.50% |  | Total Austral S.A.
Narambuena (1) |  | Neuquén |  | 50.00% |  | YPF
Pampa Yeguas I |  | Neuquén |  | 50.00% |  | ExxonMobil Exploration Argentina S.R.L
Rincón del Mangrullo |  | Neuquén |  | 50.00% |  | YPF
Rio Neuquén |  | Neuquén |  | 33.33% |  | YPF
San Roque |  | Neuquén |  | 34.11% |  | Total Austral S.A.
Yacimiento La Ventana - Río Tunuyán |  | Mendoza |  | 70.00% |  | YPF
(1) | See Note 34.b).

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