Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers
| Deal Date: | 29-08-2013 | Practice Area: | Project Finance and Infrastructure |
| Deal Title: | ONGC Videsh Stake in Rovuma Offshore Block, Mozambique | Industry: | Oil & Gas Producers |
| Description: |
International law firm Simmons and Simmons has advised ONGC Videsh Limited on the USD2.64 billion acquisition of the ten percent participating interest in the Rovuma Offshore Block (Area 1)in Mozambique from Anadarko Mozambique Area 1 Limitada a wholly owned indirect subsidiary of Anadarko Petroleum Corporation.
This Acquisition marks ONGC's second substantial acquisition of participating interest in Area 1. In June 2013, OVL and Oil India Limited (OIL) entered into an agreement with Videocon Mauritius Energy Limited to jointly acquire Videocon Mozambique Rovuma 1 Limited, the company holding a ten percent participating interest in Area 1.
The Simmons and Simmons team was led by Hong Kong partners Vivien Yang and Ian Wood, with assistance from associates in our Hong Kong, Beijing, Singapore, Dubai and London offices, including Hong Kong-based associates Matthew Davis, Liz Hsu, Moven Liu and Pamela Leong.
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| Financial Center: | Hong Kong | Value: | 1000.01-5000.00 |
| Advised Party: | Purchaser | Law Firm | Simmons & Simmons |
| Assets Jurisdiction | Mozambique | Purchaser Jurisdiction | India |
| Classification: |
Transfer of Infrastructure Assets Oil & Gas Assets |
Lawyer | Vivien Yang |
