Vista Energy, S.A.B. de C.V. announced that its wholly-owned subsidiary Vista Energy Argentina S.A.U. has established an un-incorporated joint venture and has entered into an investment agreement with Trafigura Argentina S.A. for the joint development of 3 pads in Bajada del Palo Oeste. Under the terms of the Agreement, which is effective as of October 1, 2022: Trafigura has a contractual right over 25% of the hydrocarbon production of the pads included in the Agreement, bears 25% of the capital expenditures, as well as the corresponding royalties and direct taxes, with respect to the pads included in the Agreement, and will pay Vista: $1,700,000 for each tied-in well (equivalent to $6,800,000 for a 4-well pad), a fee, capped at 12.5 $/bbl, over Trafigura's share of total production to compensate Vista for any improvements in international crude oil prices above 60 $/bbl and up to 110 $/bbl, and a fee on Trafigura's share of total production to compensate Vista for all operating expenses, G&A expenses, midstream costs within the block and well abandonment costs. Vista remains operator of the block and 100% title holder of the Bajada del Palo Oeste concession.

With respect to the pads included in the Agreement, Vista: retains its rights over 75% of the hydrocarbon production, bears 75% of the capital expenditures, as well as the corresponding royalties and direct taxes, and bears all other costs, including operating and midstream costs within the block.