Blackstone Energy Partners’ investment in Mime Petroleum AS

Simpson Thacher is representing Blackstone Energy Partners (“Blackstone”) in connection with its investment in Mime Petroleum AS (“Mime Petroleum”), a new independent development and production company established earlier this year by Blue Water Energy LLP (“BWE”) and Sverre Skogen (Chairman and CEO).

BWE and Blackstone have agreed to lead an initial investment of up to $1 billion in Mime Petroleum.

Mime Petroleum is a newly formed development and production company on the Norwegian Continental Shelf.

The Simpson Thacher team includes Mike Wolfson (Picture) and Sven Frode Frolund (Corporate); and Meredith Jones and William Smolinski (Tax).

Involved fees earner: Michael Wolfson – Simpson Thacher & Bartlett; Sven Frode Frolund – Simpson Thacher & Bartlett; Meredith Jones – Simpson Thacher & Bartlett; William Smolinski – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Blackstone Energy Partners;