Magnetic Oil Limited’s Acquisition of Assets in Kazakhstan

Dentons advised OMV Petrom S.A. on the deal.

OMV Petrom S.A, the largest energy company in Southeastern Europe, completed the sale of its 100% shareholding in Kom-Munai LLP (KOM) and Tasbulat Oil Corporation LLP (TOC) to Magnetic Oil Limited. KOM and TOC hold the production licenses for four onshore fields in Kazakhstan, Komsomolskoe, Aktas, Tasbulat and Turkmenoi. The cumulative daily production of the four fields was 6.45 kboe/d in 2019, representing ~4% of the OMV group’s production.

The Dentons team was led by UK partner Humphrey Douglas (Picture) and associate Angela Saldanha, and Kazakhstan partner Victoria Simonova and senior associate Ruslan Nurbekov, supported by associate Parisa Ahmadian, Tax partner James Meakin and associate Kirsten Hunt.
Jeffries International (London) acted as Financial Advisor to OMV Petrom, led by Philip Clausen-Thue.

Involved fees earner: Parisa Ahmadian – Dentons; Humphrey Douglas – Dentons; Kirsten Hunt – Dentons; James Meakin – Dentons; Ruslan Nurbekov – Dentons; Angela Saldanha – Dentons; Victoria Simonova – Dentons;

Law Firms: Dentons;

Clients: OMV Petrom;

Author: Federica Tiefenthaler