Eversheds Sutherland Advises Xtellus Capital Partners on Purchase of Oil and Gas Assets from Enap Sipetrol in Argentina

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Eversheds Sutherland Advises Xtellus Capital Partners on Purchase of Oil and Gas Assets from Enap Sipetrol in Argentina

June 24, 2025

United States
United States
United States
Eversheds Sutherland is pleased to have advised Xtellus Capital Partners on its majority acquisition of key oil and gas assets from Enap Sipetrol in Argentina. 
The cross-border energy transaction, which closed on June 13, 2025, includes the offshore Magallanes field in the Austral Basin and a 50% stake in the onshore Campamento Central field in Chubut. The transaction marks a strategic entry into Argentina’s energy sector for Xtellus and Oblitus International, a UK-based entity formed for this acquisition.

The Eversheds Sutherland team, which was led by Corporate Partners Ted Cominos and Cristina Audran-Proca, with support from Senior Associate Evan Johnson, provided comprehensive legal counsel on the structuring, regulatory, and cross-jurisdictional aspects of the deal. 
The materials on the Eversheds Sutherland website are for general information purposes only and do not constitute legal advice. While reasonable care is taken to ensure accuracy, the materials may not reflect the most current legal developments. Eversheds Sutherland disclaims liability for actions taken based on the materials. Always consult a qualified lawyer for specific legal matters. To view the full disclaimer, see our Terms and Conditions or Disclaimer section in the footer.

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tedcominos@eversheds-sutherland.com

Ted Cominos

Partner

Chicago, United States

cristinaaudranproca@eversheds-sutherland.com

Cristina Audran-Proca

Partner

Paris, France

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