Marval advises Petronas on the sale of its upstream operations in Argentina to Vista Energy

Marval O’Farrell Mairal, together with Mayer Brown, advised PETRONAS Carigali Canada B.V. and PETRONAS Carigali International E&P B.V. (PETRONAS) in the sale of PETRONAS E&P Argentina S.A. (PEPASA) to Vista Energy, S.A.B. de C.V. (Vista) and Vista Argentina S.A.U. PEPASA.

PEPASA owns 50% of the concession in the La Amarga Chica area, the second shale oil field in Vaca Muerta in terms of production. YPF S.A. owns the remaining 50%. The transaction, which closed on April 15, involved 100% of PEPASA’s shares for approximately US$1.5 billion.

The Marval team was led by partners Francisco Macías (oil & gas), Maria Laura Bolatti Cristofaro (M&A), Soledad Riera (oil & gas), Bárbara Ramperti (M&A), Francisco Abeal (banking) and Luciana Virgile (tax) together with senior experts Virginia Canzonieri and Gabriel Fortuna, and associates María Victoria Gonzalez and Gabriela Vidart Egaña, among others.

The Mayer Brown team was led by partner Pablo Ferrante with partner Bob Palmer and senior associate Federica Castro and included partners Alexandre Chequer, Dave Bakst and Jeff Dobbs.

FGB advised PETRONAS on the Mexican aspects of the transaction and was led by partner Francisco Garcia Naranjo with associate Sebastián Fernández Alonso.
Clifford Chance and Bruchou & Funes de Rioja advised Vista Energía in this transaction.

marval.com

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