Cepsa agreed to sell its oil exploitation business in Peru, focused on Block 131, under the leading international advisory of Latham & Watkins and the local advisory of Hernández & Cía, to PetroTal Corp, leading Canadian energy company, under the advisory of Stikeman Elliott LLP.
With this divestment, Cepsa has sold its last investment in Peru, as part of its strategy Positive Motion which seeks to boost the energy transition through investments in renewable energy projects.
PetroTal increases its presence in the Peruvian oil market, where participates in the exploration activities in Block 107, having entered in 2017, and the exploitation activities in Block 95.
The consultation had the participation of our team:
Partners: José Manuel Abastos, Brendan Oviedo Doyle, and Sandro Cogorno
Principal Associate: Gloria Zubizarreta
Senior Associate: Katherine Yesquen
