Gas y Petróleo del Neuquén

What Gas y Petróleo del Neuquén does

Gas y Petróleo del Neuquén S.A. (GyP) is a provincial state-owned hydrocarbon exploration and production company wholly owned by the Government of Neuquén Province, Argentina, established on May 16, 2008 by Provincial Decree No. 770/08. Subsequent Decree No. 436/09 reserved 100 hydrocarbon areas exclusively for GyP, of which 25 currently host activity through 24 joint-venture contracts and 73 remain available for new partnerships. The company holds 14 unconventional hydrocarbon exploitation concessions (CENCH) targeting the Vaca Muerta Formation and has completed five bidding rounds plus a Ronda 01-2026 offering 15 new blocks.

GyP's core business is upstream oil and gas production, with average working-interest output of 10,494.80 BOEs/d in April 2026 (628,885 bbl/d oil and 101,189,744 m³/d gas across the province) and UTEs that contribute 16% of Neuquina Basin unconventional oil production. The company does not operate field activities directly; instead it typically takes a 10% working-interest minority stake in Uniones Transitorias (UTEs) led by international and domestic operators such as Pluspetrol and GeoPark, with two RIGI applications in 2026 (USD 12,000 million with Pluspetrol for Bajo del Choique - La Invernada and USD 1,000+ million with GeoPark for Loma Jarillosa Este and Puesto Silva Oeste) anchoring the next growth phase.

GyP monetizes its position primarily through production royalties, profit-sharing and direct working-interest revenue from JV contracts; it earned 21,253 million pesos of profit in fiscal 2024. It also holds minority equity in midstream evacuation infrastructure (VMOS 437 km pipeline to Punta Colorada at 5,000 bbl/d capacity; Oldelval Duplicar 1,600 bbl/d contracted capacity; Puerto Rosales storage terminal), enabling export of produced hydrocarbons to international markets. Profits are reinvested in provincial development, including the Becas Gregorio Álvarez scholarship program (~USD 2 million annually), road paving and a biomass pellets plant with Corfone.

Name

Gas y Petróleo del Neuquén

Legal name

Gas y Petróleo del Neuquén S.A.

Website

https://gypnqn.com.ar

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

51–100 employees

Short description

Provincial state-owned hydrocarbon exploration and production company of Neuquén Province, Argentina, managing 100 reserved areas and 14 unconventional concessions in the Vaca Muerta formation through joint ventures with major international and domestic operators.

Ownership category

akta.pro rank

Headquarters

HQ city

Aramendía

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Others

Revenue model

1. Production royalties and profit-sharing: GyP receives royalties and profit-sharing from hydrocarbon production in areas where it holds participation through Uniones Transitorias (UTEs). The company holds 14 unconventional hydrocarbon exploitation concessions (CENCH) with approximately 10% working interest in UTEs.
2. Direct production revenue: GyP receives direct revenue from hydrocarbon production in areas where it holds direct working interest, contributing to its profit generation (21,253 million pesos profit in 2024).

Go-to-market motion2 records

Distribution channels1 record

Marketing channels2 records

Core offering

Gas y Petróleo del Neuquén (GyP) is a provincial state-owned oil and gas company that manages 100 hydrocarbon areas in Neuquén Province, Argentina, conducting exploration, development, and exploitation of conventional and unconventional (shale) reserves—primarily the Vaca Muerta Formation. GyP operates through 24 joint-venture contracts (UTEs) with leading national and international energy operators, typically holding a 10% working interest, and produces an average of 10,494.80 BOEs/d (April 2026). The company generates revenue through production royalties, profit-sharing arrangements, and direct working-interest production, while also providing midstream evacuation capacity through strategic pipeline infrastructure.

Product overview

Gas y Petróleo del Neuquén (GyP) is a provincial state-owned oil and gas company operating as a platform for hydrocarbon exploration and production in Neuquén Province, Argentina. The company manages 100 hydrocarbon areas and holds 14 unconventional exploitation concessions (CENCH) targeting the Vaca Muerta Formation, producing approximately 10,494.80 BOEs/d. GyP operates through a joint-venture model (24 contracts) with major operators, providing production capacity and midstream infrastructure access (VMOS pipeline, Oldelval Duplicar, Puerto Rosales terminal). The company reinvests profits into social programs including education scholarships and infrastructure development.

Differentiator

Problem solved

Functional benefit

Products and services

• Unconventional Hydrocarbon Production (CENCH) Production of unconventional shale oil and gas from 14 concessions targeting the Vaca Muerta Formation, sold through joint-venture partnerships with major operators to international and domestic energy markets. Average production reached 10,494.80 BOEs/d as of April 2026.
• Midstream Evacuation Infrastructure Access Capacity access for hydrocarbon evacuation through strategic pipeline infrastructure: VMOS pipeline to Punta Colorada (5,000 bbl/d capacity), Oldelval Duplicar (1,600 bbl/d contracted capacity), and Puerto Rosales storage/export terminal (1,600 bbl/d), enabling international market access.
• Acreage Exploration Blocks via Bidding Rounds

Quantifiable outcome

• 10,494.80 BOEs/d average production (April 2026)
• +1 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• PluspetrolcoreStrategic or Co-development Partner · 23 April 2026Pluspetrol, together with GyP, presented RIGI application for Bajo del Choique - La Invernada area with USD 12,000 million investment to reach 100,000 bbl/d production. Pluspetrol had previously ceded Loma Jarillosa Este and Puesto Silva Oeste concessions to GeoPark with provincial approval.
• Corporación Forestal Neuquina (Corfone)minorStrategic or Co-development Partner · 23 April 2026GyP and Corfone signed agreement for development and operation of a biomass pellets production plant in Junín de los Andes, transforming forest industry waste into sustainable energy. GyP finances civil works and equipment.
• GeoParkcoreStrategic or Co-development Partner · 25 September 2025GeoPark acquired 100% operated interest in Loma Jarillosa Este and Puesto Silva Oeste blocks from Pluspetrol. GyP and GeoPark formed a Unión Transitoria for Puesto Silva Oeste. In May 2026, both companies submitted RIGI application for USD 1,000+ million investment to scale production from 1,500 to 20,000 bbl/d in three years.
• YPF (Vaca Muerta Oil Sur - VMOS)coreStrategic or Co-development PartnerGyP became minority shareholder in the VMOS project, which includes a 437km pipeline and Punta Colorada maritime terminal in Río Negro, enabling evacuation of 5,000 bbl/d capacity for GyP through this infrastructure to international markets.
• Oldelval (Duplicar Project)coreStrategic or Co-development PartnerGyP participates in the Oldelval Duplicar project with contracted capacity of 1,600 bbl/d. Currently evacuating 2,300 bbl/d through the existing pipeline system, with plans to evaluate participation in Duplicar Norte project.

Scale indicators8 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• Pluspetrol: Argentina-focused operator and GyP's JV partner in Bajo del Choique–La Invernada (USD 12B RIGI project). Operates similar unconventional concessions and shares the same JV/minority-partner dynamics in the basin.
• Tecpetrol: Argentine operator with significant Vaca Muerta unconventional activity (Fort\u00in de Piedra). Comparable as a domestic operator pursuing similar shale production strategies and infrastructure participation in Neuqu\u00e9n.
• GeoPark: Latin American upstream operator with Vaca Muerta exposure via Loma Jarillosa Este and Puesto Silva Oeste. Co-applicant with GyP on a USD 1B+ RIGI investment and a direct UTE partner, making it both a peer and a customer.
• Compa\u00f1\u00eda General de Combustibles (CGC): Argentine upstream operator with conventional and unconventional assets in the Neuquina Basin. Directly comparable as a regional E&P competitor working the same plays under the same regulatory regime.
• YPF S.A. Argentina's national oil company and the largest Vaca Muerta operator. YPF operates the same unconventional shale plays that GyP participates in via UTEs, and is a JV partner/co-investor with GyP across multiple CENCH concessions.
• CAPSA (Capex S.A.): Argentine independent E&P company with Neuquina Basin acreage. Comparable as a domestic producer pursuing similar shale and tight resources in the same operating environment.
• Vista Energy: Argentina-focused shale operator with concentrated Vaca Muerta acreage. Vista competes with GyP's operator partners for acreage, services and infrastructure access in the Neuquina Basin, making it a directly comparable pure-play shale producer.

Broad incumbents

• Pampa Energ\u00eda: Argentina's largest integrated energy company with upstream, midstream, generation, and downstream exposure. While broader than GyP's pure upstream model, Pampa competes for capital and operates in overlapping Vaca Muerta acreage.

Emerging players

• Phoenix Global Resources: Argentina-focused upstream company with Vaca Muerta and Austral Basin assets. Smaller and earlier-stage than YPF/Vista but operates in the same Neuquina Basin geography with comparable unconventional targets.

Others

• Oldelval: Argentina's main crude oil pipeline operator (Duplicar project). Functions as both a GyP midstream partner and infrastructure peer; comparable from a Neuquina Basin infrastructure investment perspective though not a direct upstream competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/GyPnqn
• LinkedInlinkedin.com/company/gypnqn

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gas y Petróleo del Neuquén