Vista Energy completed the acquisition of Petronas E&P Argentina from Petronas for $1.2bn.​

Vista Energy, a company specializing in the exploration and production of oil and gas, completed the acquisition of Petronas E&P Argentina, a company focused on hydrocarbon exploration, from Petronas, an integrated oil and gas multinational corporation, for $1.2bn. "With this acquisition we gain significant scale in Vaca Muerta with a premium block that has growing production and low operating costs, enabling the acceleration of our long-term plan and strengthening our free-cashflow profile. The acquisition both increases our profitability and enhances our portfolio of ready-to-drill locations in the core area of Vaca Muerta. Importantly, in the current global macro and oil price environment we are consolidating a high-margin, low-breakeven asset, with strong synergies with our ongoing operation, reflecting our constructive long-term view on crude oil demand and supply dynamics. I firmly believe this represents a unique opportunity to create long-term value for our shareholders," Miguel Galuccio, Vista Chairman and CEO.