MedcoEnergi completed the acquisition of ConocoPhillips Indonesia Inc. Ltd. and ConocoPhillips Singapore Operations Pte. Ltd.


Baker Botts Represents MedcoEnergi on the acquisition

PT Medco Energi Internasional Tbk (“MedcoEnergi”) today announced that MedcoEnergi has completed its purchase of ConocoPhillips Indonesia Inc. Ltd. (“CIIL”) and ConocoPhillips Singapore Operations Pte. Ltd. (“CSOP”). CIIL and CSOP are subsidiaries of ConocoPhillips.

CIIL has a 40% working interest in the South Natuna Sea Block B PSC offshore Indonesia and operates that block and the 640km sub-sea West Natuna Transportation System offshore Indonesia through which gas from several blocks is delivered to Singapore. CSOP operates an onshore receiving facility in Singapore.

Baker Botts represented MedcoEnergi in the acquisition with

Russell Wilkinson (Picture – Partner, Hong Kong); Neil Macdonald (Senior Associate, Hong Kong); Laure Cochet (Associate, Hong Kong) and Graham Brough (Tax – Special Counsel, London).

Involved fees earner: Russell Wilkinson – Baker Botts; Neil Macdonald – Baker Botts; Laure Cochet – Baker Botts; Graham Brough – Baker Botts;

Law Firms: Baker Botts;

Clients: PT Medco Energi Internasional Tbk;

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Author: Michael Patrini