Marval and Mayer Brown counsel Petronas in the sale to Vista Energy
Marval O’Farrell Mairal and Mayer Brown have advised Petronas Carigali Canada and Petronas Carigali International in the sale of PETRONAS E&P Argentina (PEPASA) to Vista Energy and Vista Argentina.
Through this transaction, Vista Energy gains full ownership of PEPASA, which holds a 50% working interest in the La Amarga Chica oil and gas field, a key asset located in the prolific Vaca Muerta shale play in Argentina, while YPF 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 (pictured left), focused on 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 partners Pablo Ferrante (pictured center), along with 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 together with associate Sebastián Fernández Alonso.
Vista Energy was advised by Clifford Chance lead by partners David Brinton (pictured right) and Carla Ruggero (New York); Steven Fox (London), senior associate Olivia Higgs (London), and associate Tom Masters (London). Bruchou & Funes de Rioja was the local legal counsel in Argentina to Vista Energía in this transaction.
