Tampnet’s Acquisition of Fiber Optic Network from BP

Baker Botts LLP advised BP Exploration & Production Inc. on the deal.

BP Exploration & Production Inc. (“BP”) announced the sale of a 746-mile offshore fiber optic network cable system that spans across the Gulf of Mexico from Quintana/Freeport, Texas to Pascagoula, Mississippi, to Tampnet Inc., the U.S. subsidiary of a Norway-based privately held company that provides subsea fiber-based data communication and wireless 4G LTE to the offshore industry. At the time BP completed the construction of this system in 2008, it was the longest oil and gas dedicated submarine fiber optic network in the world. The transaction closed on March 30, 2021.

The Baker Botts team included Craig Vogelsang (Partner, Houston, Picture), Emil Barth (Partner, Washington, D.C.), Luke Burns (Special Counsel, Houston), Kyle Doherty (Associate, Houston), Maria Claudia Fuentes (Associate, Houston), Casey Polivka (Associate, Houston), Stuart Blythe  and Kimberly Tuthill White.

 

 

Involved fees earner: Emil Barth – Baker Botts; Stuart Blythe – Baker Botts; Luke Burns – Baker Botts; Kyle Doherty – Baker Botts; Maria Claudia Fuentes – Baker Botts; Casey Polivka – Baker Botts; Kimberly Tuthill White – Baker Botts; Craig Vogelsang – Baker Botts;

Law Firms: Baker Botts;

Clients: BP Exploration & Production Inc.;

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Martina Bellini

Author: Martina Bellini