View becomes the largest independent producer of oil in the country

It will increase its production by 50% by acquiring Petronas assets in Vaca Muerta. Consolidates a total area of ​​229,000 acres in that place

04/16/2025 – 12: 32hs

Vista Energy announced the acquisition of Petronas’ participation in the La Amarga Chica block, which carries its daily hydrocarbon production to 120,000 barrels equivalent to oil (“BOE/D”), and becomes the largest independent producer of oil in the country. The company has more than US $ 6,000 million invested in Argentina since the beginning of its operations in 2018.

From this transaction, View will be associated with YPFowner of the remaining 50% and block operator. The bitter girl is the second field with the greatest production of Shale Oil in Vaca Muerta, with approximately 80,000 BOE/D to the last quarter of 2024.

Vista paid $ 900 million in cash at the close of the operation and will pay another 300 million in two equal payments in the 2029 and 2030s. In addition, Petronas received 7,297,507 sight shares. In this way, the Malaya company will continue to present in the country through view as one of its shareholders, and bets to continue capturing the value of the profitable growth of Vaca Muerta.

The bitter girl began operations in 2014. There are 46,594 acres in the Shale Oil window where there are 247 wells in production, and estimated proven reserves at the end of 2023 of 280 million barrels equivalent to oil. View estimates that there are 400 wells in the inventory to be developed.

With this operation, a total area of ​​229,000 acres in Vaca Muerta.

Miguel Galuccio, President and CEO: “With this acquisition we gain a significant scale”

This is the first acquisition that the company performs in which it will not be an asset operator, which reflects confidence in Vaca Muerta as a world quality shale play, and in YPF as an operator.

Miguel Galuccio, President and CEO said: “With this acquisition We won a significant scale in Vaca Muertaincorporating a premium block with growth in growth and low operating costs, which allows us to accelerate the long -term plan and strengthen our free cash flow generation profile. The operation not only increases our profitability, but also improves our portfolio of locations ready to drill in the central area of ​​Vaca Muerta. “

“It is especially relevant that, in the current global macroeconomic context and oil prices, Let’s be consolidating a high margin asset And low balance point, with strong synergies with our current operation, which reflects our long -term constructive vision on the dynamics of supply and demand for crude. I am convinced that this is a unique opportunity to generate long -term value for our shareholders, “he concluded.