Repsol Exploracion SA’s acquisition of 5% interest in Block 07/03 asset from Pan Pacific Petroleum NL


Jones Day has advised Pan Pacific Petroleum NL in its agreement to sell its 5% interest in Block 07/03 in the Nam Con Son Basin offshore Vietnam to Repsol Exploracion SA for US$5 million.

Following the sale, Pan Pacific will have no debts and circa US$16 million cash and liquid investments of US$3 million.

Jones Day has advised Pan Pacific Petroleum NL on the deal with a team led by Darren Murphy.

Involved fees earner: Darren Murphy – Jones Day;

Law Firms: Jones Day;

Clients: Pan Pacific Petroleum NL;

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Author: Michael Patrini