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Investments in Joint Agreements | 12 Months Ended
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Dec. 31, 2023
Investments accounted for using equity method [abstract] |
Investments in Joint Agreements | 29. INVESTMENTS IN JOINT AGREEMENTS The Group participates in JA 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. The exploration and production JA and other agreements in which the Group participates allocate the hydrocarbon production to each partner based on the ownership interest contractually established in them. 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, 2023, 2022 and 2021, and main expenses for these fiscal years of the JA and other agreements in which the Group participates are as follows:
|  | 2023 |  |  |  |  |  | 2022 |  |  |  |  |  | 2021 |
Non-current assets (1) |  |  | 5,246 |  |  |  |  |  |  |  | 4,221 |  |  |  |  |  |  |  | 3,497 |
Current assets |  |  | 115 |  |  |  |  |  |  |  | 157 |  |  |  |  |  |  |  | 113 |
Total assets |  |  | 5,361 |  |  |  |  |  |  |  | 4,378 |  |  |  |  |  |  |  | 3,610 |
Non-current liabilities |  |  | 313 |  |  |  |  |  |  |  | 294 |  |  |  |  |  |  |  | 270 |
Current liabilities |  |  | 483 |  |  |  |  |  |  |  | 514 |  |  |  |  |  |  |  | 356 |
Total liabilities |  |  | 796 |  |  |  |  |  |  |  | 808 |  |  |  |  |  |  |  | 626 |
Production cost |  |  | 2,017 |  |  |  |  |  |  |  | 1,435 |  |  |  |  |  |  |  | 1,412 |
Exploration expenses |  |  | 10 |  |  |  |  |  |  |  | 2 |  |  |  |  |  |  |  | 1 |
(1) | It does not include charges for impairment of property, plant and equipment because they are recorded by the partners participating in the JA and other agreements.
As of December 31, 2023, the main exploration and production JA and other agreements in which the Group participates are the following:
Name |  | Location |  | Participation |  | Operator
Acambuco |  | Salta |  | 22.50% |  | Pan American Energy LLC
Aguada de Castro and Aguada Pichana Oeste (2) |  | Neuquén |  | 40.00% |  | Pan American Energy LLC
Aguada Pichana Este - Área Vaca Muerta (2) |  | Neuquén |  | 16.90% |  | 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 |  | Neuquén |  | 40.00% |  | YPF
CAM-2/A SUR |  | Tierra del Fuego |  | 50.00% |  | Enap Sipetrol Argentina S.A.
CAN 100 (1) |  | Argentine Continental Shelf |  | 35.00% |  | Equinor Argentina BV (Sucursal Argentina)
CAN 102 |  | Argentine Continental Shelf |  | 50.00% |  | YPF
CAN 114 |  | Argentine Continental Shelf |  | 50.00% |  | Equinor Argentina AS (Sucursal Argentina)
Campamento Central / Cañadón Perdido |  | Chubut |  | 50.00% |  | YPF
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.
La Tapera and Puesto Quiroga |  | Chubut |  | 12.20% |  | Tecpetrol S.A.
Las Tacanas |  | Neuquén |  | 50.00% |  | YPF
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 Argentine Continental Shelf |  | 50.00% |  | Enap Sipetrol Argentina S.A.
MLO 123 |  | Argentine Continental Shelf |  | 37.50% |  | Total Austral S.A.
Narambuena (1) |  | Neuquén |  | 50.00% |  | YPF
Pampa Yeguas I |  | Neuquén |  | 50.00% |  | ExxonMobil Exploration Argentina S.R.L
Ramos |  | Salta |  | 42.00% |  | Pluspetrol Energy S.A.
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).
| (2) | On August 11, 2023, by Decree No. 1,529/2023, the Province of Neuquén approved the agreement for the exchange of interest in exploitation concessions between YPF, Total Austral S.A. and Pan American Energy LLC, through which YPF increased its interest in Aguada Pichana Oeste by 10% and reduced its interest in Aguada Pichana Este by 5.6 %.

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