Maurel et Prom’s Acquisition of Interests in Blocks 3/05 and 3/05A offshore Angola

Bracewell (UK) LLP represented Etablissements Maurel et Prom (M&P) in its acquisition of interests in Blocks 3/05 and 3/05A offshore Angola from a Mitsubishi subsidiary.

The target assets are two producing and development blocks in shallow water offshore Angola that are operated by Angola’s national oil company.

The transaction is a country-entry for M&P and the first upstream M&A deal completed following the recent regulatory reforms in Angola, including the establishment of a new National Oil and Gas Agency.

Bracewell is currently advising other international oil and gas companies on upstream M&A activity in Angola.

Bracewell advised M&P with Adam Blythe (Picture), Lauren Kelsall, Catherine Todd and Chris Travis.

Involved fees earner: Adam Blythe – Bracewell; Chris Travis – Bracewell; Lauren Kelsall – Bracewell; Catherine Todd – Bracewell;

Law Firms: Bracewell;

Clients: Maurel & Prom;

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