Investor Presentaiton
RECORD HIGH RESERVE REPLACEMENT RATIO DRIVEN BY SHALE ADDITIONS
EVOLUTION OF HYDROCARBON PROVED RESERVES
Million BOE
+24%
■Shale
2021 P1 RESERVES BREAKDOWN
Other
%
1,080
1,073
1,143
929
922
19%
8%
31%
49%
39%
Crude Oil
2017
2018
2019
2020
2021
EVOLUTION OF HYDROCARBON PROVED RESERVES
Million BOE
217
922
176
1,143
-171
01
-0.1
Reserves 2020
Revisions
Extensions
Production
Purchases, Sales Reserves 2021
and Recovery
02
Natural Gas
NGL
6
38
56
YPF
P1 Reserves increased
24.0% Y/Y with RRR
of 2.3x highest in
company's last 20 years.
Shale P1 increased by
56.7% (+202 Mboe)
representing now 49% of
total reserves.
03 PD (+24.6%)
and PND (+23.4%) reserves
increase driven by shale
developments and
progressive VM de-risking
coupled with higher prices.
12
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