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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
Assets Jurisdiction Angola Purchaser Jurisdiction Angola
Classification: Transfer of Infrastructure Assets Oil & Gas Assets
Lawyer Jason Kerr