Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers
| Deal Date: | 04-07-2014 | Practice Area: | Project Finance and Infrastructure |
| Deal Title: | PetroNeft Resources Sale of License 61, Western Siberia | Industry: | Oil & Gas Producers |
| Description: |
White and Case LLP advised PetroNeft Resources plc, an oil and gas exploration and production company, on the USD85 million sale to Oil India Limited of a 50 percent non-operating interest in its License 61 project located in Russia's Western Siberia basin.
PetroNeft, which is listed on the AIM market of the London Stock Exchange and on the Irish Stock Exchange Enterprise Securities Market, will remain as operator of Licence 61 and Oil India will be able to book 50 percent production and reserves from the project. This is the first investment in Russia by Oil India, the second largest Government-owned exploration and production company in India.
The team was led by London- and Moscow-based partner Marc Polonsky with support from London associates Natalya Bremen and Adnan Chida and Moscow associates Peter Kotelevtsev, Rimma Izmaylova, Ekaterina Palagina, Ksenia Tyunik, Ekaterina Tulaeva and Alexey Butusov.
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| Financial Center: | Moscow | Value: | 0.00-100.00 |
| Advised Party: | Seller | Law Firm | White & Case |
| Assets Jurisdiction | Russian Federation | Purchaser Jurisdiction | India |
| Classification: |
Transfer of Infrastructure Assets Oil & Gas Assets |
Lawyer | Marc Polonsky |
