Total, Wintershall, Pan American and YPF’s $1 Billion Investment in Vaca Muerta

Perez Alati, Grondona, Benites, Arntsen y Martínez de Hoz (h) advised on the transaction

Argentina’s state-run oil company YPF will make a joint $500 million shale gas investment with Pan American Energy, Total Austral and Wintershall Energía in the Vaca Muerta formation, according to a securities filing.

The companies were already operating in the Aguada Pichana area and are now asking regulators to split it in two. ‘If approved, Total will be in charge of the (eastern area) and Pan American Energy will take over the western area,’ YPF said in the filing.

YPF would reduce its stake in the areas while also making a $52.3 million investment, the statement said. The statement did not say how much the other companies would invest. Total Austral is part of French energy firm Total while Pan American Energy is a unit of BP.

Perez Alati, Grondona, Benites, Arntsen y Martínez de Hoz (h) advised on the deal with a team including José A. Martínez de Hoz (Picture), Manuel Benites, Pablo Rueda and Tomás Lanardonne.

 

Involved fees earner: José Martínez de Hoz (h) – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Pablo Rueda – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Tomás Lanardonne – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Manuel Benites – Pérez Alati, Grondona, Benites, Arntsen & Martínez;

Law Firms: Pérez Alati, Grondona, Benites, Arntsen & Martínez;

Clients: Total; YPF S.A.; Wintershall Holding GmbH; Pan American Energy LLC ;

 

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Author: Ambrogio Visconti.