Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers
| Deal Date: | 01-09-2014 | Practice Area: | Project Finance and Infrastructure |
| Deal Title: | North Atlantic Drilling Purchase of Rosneft Drilling Rigs | Industry: | Oil Equipment, Services & Distribution |
| Description: |
Slaughter and May advised North Atlantic Drilling Ltd. (NADL) and Seadrill Limited (Seadrill) on arrangements under which NADL will acquire a fleet of approximately 150 land drilling rigs from Rosneft in return for an issue of NADL shares and Rosneft will subscribe for additional NADL shares. As a result, Rosneft will acquire a 30% interest in NADL, worth approximately USD1.25 billion. Under the arrangements, which were announced on 22 August 2014, Rosneft will also award new 5 year drilling contracts for the land rigs being acquired.
Corporate: Hywel Davies (partner), Tim Boxell (partner), Victoria MacDuff (associate), Matthew Hamilton (associate), Liam Townson (associate); Competition: Anna Lyle-Smythe (partner), Natalie Cookseye (associate); Tax: Ed Milliner (associate).
|
||
| Financial Center: | London | Value: | 1000.01-5000.00 |
| Advised Party: | Purchaser | Law Firm | Slaughter and May |
| Assets Jurisdiction | Russian Federation | Purchaser Jurisdiction | United Kingdom |
| Classification: |
Transfer of Infrastructure Assets Oil & Gas Assets |
Lawyer | Hywel Davies |
