Mexico's Vista Oil & Gas inks onshore joint venture with Jaguar
Wednesday, May 23, 2018
Mexican energy investment firm Vista Oil & Gas will tie up with Jaguar Exploracion y Produccion on three onshore projects, the company said, acquiring 50 percent stakes with an initial payment of nearly $27.5 million.
Vista will pay Monterrey-based Jaguar a further $10 million to compensate the firm for past investments in the projects, or so-called carry costs, the firm said in a statement.
Source: Reuters