Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers
| Deal Date: | 16-02-2023 | Practice Area: | Project Finance and Infrastructure |
| Deal Title: | Somoil Purchase of Angolan Upstream Assets from Galp | Industry: | Oil & Gas Producers |
| Description: |
White & Case LLP advised SOMOIL - Sociedade Petrolífera Angolana, S.A. (Somoil), Angola's largest private energy company, on its agreement to acquire the upstream Angolan assets of Portuguese multinational energy company Galp.
Somoil agreed to acquire: 100 percent of Galp Energia Overseas Block 32 B.V., which owned a 5 percent interest in Block 32 – operated by TotalEnergies; and 100 percent of Galp Energia Overseas Block 14 B.V., which owned a 9 percent interest in Block 14 and a 4.5 percent interest in the adjacent Block 14K – both of which were operated by Chevron.
|
||
| Financial Center: | London | Value: | 500.01-1000.00 |
| Advised Party: | Purchaser | Law Firm | White & Case |
| Assets Jurisdiction | Angola | Purchaser Jurisdiction | Angola |
| Classification: |
Transfer of Infrastructure Assets Oil & Gas Assets |
Lawyer | Jason Kerr |
