Vista Energy has acquired Petronas’ stake in the La Amarga Chica block in Vaca Muerta, becoming one of the country’s largest independent oil producers.

Vista paid US$900 million upfront and will pay another US$300 million in two equal installments in 2029 and 2030. Petronas also received 7,297,507 Vista shares.

According to the company’s press release sent to the Herald’s sister publication, Ámbito Energy Report, the acquisition will increase its daily hydrocarbon production to 120,000 barrels of oil equivalent (boe/d), which includes crude oil and gas.

YPF remains the undisputed leader in the sector, with production of over 500,000 boe/d, while Pan American Energy, with 215,000 boe/d and a presence in several provinces, is the largest conventional and unconventional private oil and gas company in Argentina.

With this deal, Vista will partner........

© Buenos Aires Herald