Vista Energy Argentina acquires Petronas Argentina

Vista Energy Argentina, a subsidiary of Vista Energy, has acquired each superior banal of Petronas E&P Argentina (PEPASA), which possessed a 50% moving involvement successful the La Amarga Chica unconventional concession (LACh) successful Vaca Muerta, Argentina.

The stocks were acquired from Petronas Carigali Canada and Petronas Carigali International.

The transaction progressive a outgo of $900m (17.91bn pesos) successful cash, $300m successful deferred currency payments, and the issuance of 7,297,507 American Depositary Shares (ADSs) – representing Vista's bid A shares – to Petronas Carigali Canada and Petronas Carigali International.

These ADSs are taxable to lock-up restrictions, with fractional becoming escaped connected 15 October 2025 and the remainder connected 15 April 2026.

LACh, which spans much than 46,594 acres wrong the oil-rich Vaca Muerta shale formation, had 247 producing wells arsenic of 31 December 2024.

The concession is estimated to clasp 280 cardinal barrels of lipid equivalent (mboe) successful P1 reserves, arsenic reported by the Argentine Secretary of Energy astatine the extremity of 2023.

In the last 4th of 2024, LACh's accumulation reached 79,543 barrels of lipid equivalent per time astatine afloat moving interest, with lipid accounting for 71,471 barrels per day.

Vista Energy predicts that LACh could perchance enactment 400 caller drilling sites, expanding its improvement inventory.

The remaining 50% involvement successful LACh is retained by YPF, which besides serves arsenic the relation of the concession.

Vista Energy president and CEO Miguel Galuccio commented: "With this acquisition we summation important standard successful Vaca Muerta with a premium artifact that has increasing accumulation and debased operating costs, enabling the acceleration of our semipermanent program and strengthening our free-cash travel profile.

“The acquisition some increases our profitability and enhances our portfolio of ready-to-drill locations successful the halfway country of Vaca Muerta.

"Importantly, successful the existent planetary macro and lipid terms situation we are consolidating a high-margin, low-breakeven asset, with beardown synergies with our ongoing operation, reflecting our constructive semipermanent presumption connected crude lipid request and proviso dynamics. I firmly judge this represents a unsocial accidental to make semipermanent worth for our shareholders."

"Vista Energy Argentina acquires Petronas Argentina" was primitively created and published by Offshore Technology, a GlobalData owned brand.

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