Dentons advises New Stratus Energy Inc. on the acquisition of Operaciones Petroleras Soledad S. de R.L. de C.V.

By Nitya Vashishtha

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.