Chrysaor Limited’s Acquisition of Apache Corporation North Sea upstream oil and gas assets

Bracewell LLP recently represented Apache Corporation (NYSE, NASDAQ: APA) on its agreement to sell participating interests in multiple North Sea upstream oil and gas assets to Chrysaor Limited, a private company backed by Harbour Energy and EIG Global Energy Partners.

The transaction extends Apache’s existing joint venture with Chrysaor in the Beryl field area of the UK sector of the North Sea.

Bracewell has assisted Apache’s UK North Sea business for many years, including recently acting for Apache on its successful sale of its operated stake in the 323 kilometer (200 mile) SAGE gas pipeline and gas processing terminal in Scotland to the infrastructure investor, Ancala Partners.

Bracewell advised with a team including Alastair Young (Picture) and Catherine Todd.

Involved fees earner: Catherine Todd – Bracewell; Alastair Young – Bracewell;

Law Firms: Bracewell;

Clients: Apache Corporation;

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