Petroquímica Comodoro Rivadavia S.A.’s farmout and joint operating agreement with Petróleos Sud Americanos S.A.


Norton Rose Fulbright and Chalela | Abogados advised on the deal

Petroquímica Comodoro Rivadavia S.A. through Dutmy S.A., signed a farmout agreement and a joint operating agreement withPetróleos Sud Americanos S.A. in order to acquire a 35 % interest in oil and gas exploitation zone “El Difícil” in Colombia.

Petroquímica Comodoro Rivadavia S.A. manufactures and markets construction products in Argentina and internationally.

Petroleos Sudamericanos S.A. owns rights in oil and gas exploration and production blocks. The company owns oil and gas reserves in three fields including El Difíci, Entrerrios, and Guarimena fields with a combined reserve of 2P reserve reach 7.02 million barrel of oil equivalent located in Colombia.

Norton Rose Fulbright advised Petroquímica Comodoro Rivadavia S.A. with Santiago González (Picture), Lucía Escobar Rubio and Carlos Vicioso.

Chalela Abogados advised Petróleos Sud Americanos S.A. with Federico Chalela, Felipe Chalela and Laura Pulvérail.

Involved fees earner: Federico Chalela – Chalela Abogados; Felipe Chalela – Chalela Abogados; Laura Pulvérail – Chalela Abogados; Santiago Gonzalez – Norton Rose Fulbright; Lucia Escobar Rubio – Norton Rose Fulbright; Carlos Vicioso – Norton Rose Fulbright;

Law Firms: Chalela Abogados; Norton Rose Fulbright;

Clients: Petroquímica Comodoro Rivadavia SA; Petroleos Sudamericanos S.A. ;

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Author: Ambrogio Visconti.