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

Marval O'Farrell Mairal advised PETRONAS Carigali Canada B.V. and PETRONAS Carigali International E&P B.V. (PETRONAS) on 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, Vaca Muerta's second-largest shale oil field in terms of production. YPF S.A. owns the remaining 50%.  The transaction that closed on April 15 involved 100% of PEPASA's shares for an approximate amount of 1,500 million dollars.

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) along with senior experts Virginia Canzonieri and Gabriel Fortuna, and associates María Victoria Gonzalez and Gabriela Vidart Egaña, among others.