Argentina’s energy company YPF wants to speed up a divestiture plan that includes selling controlling stakes in offshore exploration projects in Argentina and Uruguay, reducing its presence in mature fields and later offering a gas distribution company for sale, chief executive officer Horacio Marin said.

YPF has exploration rights in seven offshore areas, six off Argentina’s coast and one in Uruguay.

However, as the company ramps up oil and gas production in Argentina’s most prolific region, the Vaca Muerta formation, its divestiture’s goal is to streamline the state-controlled firm to focus on large developments, particularly a massive liquefied natural gas (LNG) project, with the goal of starting the country’s first LNG exports in 2027.

YPF is in talks with a foreign oil major company to sell a portion of its stake in an exploration block in Uruguay, and could offer that and other offshore interests through a bidding round, Marin said in an event organized by Argentina’s Oil and Gas Institute in Houston. YPF would keep smaller stakes, he added.