Malaysia’s Petronas is evaluating a sale of its shale oil asset in Argentina, a move that would complete its exit from the country’s booming Vaca Muerta fields as several international drillers also look to divest from the region.
Petronas has begun a process that may result in a sale of its 50% stake in La Amarga Chica, a venture with state-run YPF SA in the oil production heartland of Vaca Muerta, according to people familiar with the matter who couldn’t be named discussing private matters. Petronas has already been in talks with a potential suitor, one of the people said.
