Dentons counsels New Stratus Energy on acquisition of Repsol assets

Dentons has assisted New Stratus Energy in the acquisition of Repsol’s upstream assets in Ecuador

 Global law firm Dentons has counselled New Stratus Energy Inc. on the acquisition of Repsol Ecuador S.A., an indirect subsidiary of Spanish oil company Repsol S.A., which holds a 35% interest in the service contracts for Blocks 16 and 67, one of the main private oil production projects in Ecuador. It is also the operator of the blocks. This transaction was closed on 14 January 2022.

Jorge Neher, lead partner on the transaction said: “We are thrilled to have been able to help New Stratus Energy Inc. in this acquisition, which required legal advice in multiple jurisdictions, including corporate, finance and securities work in Canada, where New Stratus Energy Inc. is listed; M&A and regulatory work in Spain, where the target is incorporated; and corporate, tax, antitrust and regulatory advice in Ecuador, where the underlying oil and gas assets are located.”

New Stratus Energy is a company listed on the Toronto Venture Exchange in Canada.

Repsol is the largest oil company in Spain and one of the largest oil and gas companies in Europe. It has multiple projects in Spain, Latin America, Asia, Africa, the Middle East and the United States.

Dentons’ team was led by Bogotá partner Jorge Neher (pictured top left), who coordinated the following team leaders: partner Santiago González (pictured top right) in Bogotá; partner Jorge Paz (pictured bottom left) and associate María del Mar Heredia in Quito; partner Lucas Tomei and associate Joshua Mamdani in Calgary; partners Jabier Badiola and Israel de Diego in Madrid; and partner Juan Vigón (pictured bottom right) in Chile.