Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers
| Deal Date: | 22-02-2018 | Practice Area: | Project Finance and Infrastructure |
| Deal Title: | Aker Energy Acquisition of Hess Corp Ghana Blocks | Industry: | Oil & Gas Producers |
| Description: |
Slaughter and May advised Aker Energy AS on its proposed acquisition of Hess Corporation's interests in Ghana, consisting of a 50 per cent. participating interest in the Deepwater Tano Cape Three Points (DWT/CTP) block.
The DWT/CTP block covers approximately 2,010 square kilometres, with discovered contingent resources estimated to be 550 million barrels (2C) and a remaining prospective volume upside of approximately 400 million barrels. The total cash consideration for the transaction was USD 100 million, consisting of USD 25 million payable upon closing of the transaction and a further USD 75 million payable upon approval of the plan for development and operation on the DWT/CTP block.
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| Financial Center: | London | Value: | 0.00-0.00 |
| Advised Party: | Purchaser | Law Firm | Slaughter and May |
| Assets Jurisdiction | Ghana | Purchaser Jurisdiction | Norway |
| Classification: |
Transfer of Infrastructure Assets Oil & Gas Assets |
Lawyer | Hywel Davies |
