Bruchou & Funes de Rioja and Martinez de Hoz & Rueda legally assisted Vista Energy Argentina S.A.U. and Trafigura Argentina S.A., respectively, in the execution of an Investment Agreement for USD 150 million for jointly developing three new Pads located in Bajada del Palo Oeste block, which is owned and operated by Vista.
Vista will continue to be the sole owner of the block; it will operate the wells and will contribute 75% of the investment required for the production of the wells.
Vista is the third crude oil producer of Argentina and the second largest shale oil operator of the country, having operated the Bajada del Palo Oeste block since 2018. This is the second strategic agreement entered into by Vista with another company to accelerate the development of its main shale oil block, which has 51 wells in production, with a daily production of 29,729 barrels of oil equivalent during the second quarter of 2022.
For its part, Trafigura is one of the world’s leading commodity trading companies, with over 6 million oil barrels traded daily. In Argentina, the Firm owns and operates the Bahía Blanca Refinery, the Campana Terminal and Puma Energy’s network of more than 350 service stations and 50 agroservices.
Legal advice provided to Vista Oil & Gas:
Bruchou & Funes de Rioja:
Corporate: Partner Santiago Balbi, and Associate Matias Guillermo Leguizamón.
Antitrust: Partner Gabriel Lozano and Associates Dolores Maria Cedrone and Camila di Fonzo Recchia
In house counsel: Florencia Hardoy and Rosario Maffrand.
Legal advice provided to Trafigura:
Martinez de Hoz & Rueda:
Corporate: Partner Pablo Rueda, and Associate Valeria Celesti.
Antitrust: Partner Juan Cruz Azzarri and Associate Sofía Pellizzaro Arena
In house counsels: Alfredo González Prada, Daiana Castro, Christian Pereira and Laura Marinovich.