A multi-jurisdictional team from Dentons has advised New Stratus Energy Inc. (“NSE”), an industry-leading oil and gas exploitation and production company, on the acquisition of an initial 49% equity interest in Operaciones Petroleras Soledad S. de R.L. de C.V. (“OPS”), a private Mexican oil and gas company. This significant transaction includes the exclusive right for NSE to negotiate the purchase of an additional 41% of the equity interest in OPS.

OPS is the third-party contractor and operator of a hydrocarbons production contract awarded by Pemex Exploracion y Produccion, S.A. de C.V., a subsidiary of Petroleos Mexicanos, Mexico’s national oil company, on the Soledad block located in the State of Veracruz in eastern Mexico.

Dentons acted as the exclusive legal advisor to NSE on this transaction, with a robust multi-practice team across Colombia, Mexico, and Canada. Jorge Neher (Colombia) led the core legal team, which also included Rogelio Lopez Velarde (Mexico) and Lucas Tomei (Canada). In addition, our core team was assisted by associates Rodrigo Ruvalcaba (Mexico), Gustavo Mendoza (Mexico) and Ana Restrepo (Colombia).

The energy industry is undergoing rapid innovation at a pace never before seen. Our lawyers know this industry and understand the complex transformations taking place. As the oil and gas sector evolves, Dentons continues to be an advisor of choice for global companies, providing strategic guidance and effective solutions, ensuring your success in a dynamic market.