Equinor Agrees to Sell Onshore Vaca Muerta Business to Vista Energy for 1.1 Billion Dollars

Equinor has reached an agreement to sell its onshore operations in Argentina to Vista Energy. The deal is valued at 1.1 billion dollars in cash and shares.

Insights:
Norway NONObased Equinor ASA has agreed to sell its onshore business in the Vaca Muerta basin to Vista Energy, S.A.B. de C.V. . The deal involves the transfer of onshore operations located in Argentina ARARfor a total agreed price of $1.1 billion. This transaction was announced on February 2, 2026, marking a significant transfer of assets between the two energy companies.
The payment for the transaction is structured so that half of the total consideration will be paid in cash, while the other half will be paid in shares of Vista Energy, S.A.B. de C.V.. By entering this agreement, Equinor ASAis converting its onshore Vaca Muerta holdings into monetary and equity consideration. The ownership of these onshore assets will be transferred to Vista Energy, S.A.B. de C.V.as part of the deal.
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