Vista Energy Acquires 50% of Petronas in Vaca Muerta for $1.32 Billion, Becomes Second-Largest Oil Producer in Argentina

Vista Energy has acquired a 50% stake in Petronas's oil field in Vaca Muerta for $1.32 billion, positioning the company as the second-largest oil producer in Argentina, following YPF. This acquisition allows Vista to enhance its production capabilities significantly. Alejandro Bulgheroni, president of Pan American Energy, commented on the positive impact of the recent removal of currency restrictions on the investment climate in Argentina, highlighting the favorable conditions for such transactions.