Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers
| Deal Date: | 30-01-2015 | Practice Area: | Project Finance and Infrastructure |
| Deal Title: | PT Pertamina (Persero) Acquisition of Murphy Sarawak Production Assets | Industry: | Oil & Gas Producers |
| Description: |
Ashurst advised PT Pertamina (Persero) and its wholly-owned subsidiary, Pertamina Malaysia Eksplorasi Produksi, on PMEP's USD2 billion acquisition of 30% of Murphy Sabah Oil Co., Ltd.'s and Murphy Sarawak Oil Co., Ltd.'s Malaysian upstream oil and gas assets.
The transaction involved the acquisition by PMEP of direct working interests in six production sharing contracts: Block K, Block H and Block P, offshore Sabah, and Block SK309, Block SK311 and Block 314A, offshore Sarawak. Signing of the Sale and Purchase Agreement for the transaction was originally announced on 30 September 2014.
The Ashurst team was led by Singapore energy partner Daniel Reinbott and corporate partner, Keith McGuire, and included associates Samuel Tan, Avinash Panjabi and Toby Mander-Jones.
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| Financial Center: | Singapore | Value: | 1000.01-5000.00 |
| Advised Party: | Purchaser | Law Firm | Ashurst |
| Assets Jurisdiction | Malaysia | Purchaser Jurisdiction | Malaysia |
| Classification: |
Transfer of Infrastructure Assets Oil & Gas Assets |
Lawyer | Daniel Reinbott |
