Apr 28 2009 |
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Freshfields advises Bahrain's National Oil and Gas Authority on joint venture with Occidental and Mubadala
International law firm Freshfields Bruckhaus Deringer is advising Bahrain's National Oil and Gas Authority (NOGA) on a 20-year Development and Production Sharing Agreement with Occidental Petroleum Corporation ( Occidental ) and Mubadala Development Company (Mubadala), a business development and investment company in Abu Dhabi, for further development of the Bahrain Field.Under the agreement, which is the largest ever undertaken in Bahrain, Occidental , Mubadala and NOGA will form a new joint operating company that will implement a development plan to dramatically increase the Bahrain Field's production of both oil and gas.
Commenting on the deal, Joseph Huse, MENA managing partner said, 'We are very pleased to represent NOGA on such a significant transaction. Being instructed by our clients on the largest deal in Bahrain is a significant milestone for our MENA practice, and underlines our strong reputation in the region'.
Freshfields' team was led by corporate partners Jonathan Rees in London and Joseph Huse in Dubai and included Head of Bahrain office, Harnek Shoker, associates Payvand Vahdat (finance) in Bahrain and Cordelia Kelly (corporate), Senior Consultant John Conlin, (corporate) Of Counsel Daniel Lawrence (environment) in London and associates Carlo Calabrese (real estate) in Bahrain and Clare O'Hare (finance) in Dubai.
-Ends-
Freshfields Bruckhaus Deringer LLP is an integrated international law firm and operates from 28 offices in 16 countries, including all the main financial centres of the world. Our 2,500 plus lawyers provide unrivalled technical and commercial advice to the world's leading national and multinational corporations, financial institutions and governments, helping them deal with their most challenging and complex business issues and transactions.
Freshfields in MENA:
The firm has offices in Bahrain, Saudi Arabia (through the association with The Law Firm of Salah Al-Hejailan) and in the United Arab Emirates (Abu Dhabi and Dubai). Freshfields has more than 40 lawyers working in the Middle East and has prominent corporate, finance, dispute resolution and real estate practices.
Media representatives can register to receive electronic copies of press releases as they are added to our website by visiting the News section of www.freshfields.com
Freshfields Bruckhaus Deringer LLP is the official legal services provider to the London 2012 Olympic and Paralympic Games
Freshfields Bruckhaus Deringer LLP is a limited liability partnership registered in England and Wales with registered number OC334789. We are regulated by the Solicitors Regulation Authority and a list of our members (and of the non-members who are designated as partners) and their qualifications is available for inspection at our registered office, 65 Fleet Street, London EC4Y 1HS. Any reference to a partner means a member, or a consultant or employee with equivalent standing and qualifications, of Freshfields Bruckhaus Deringer LLP or any of its affiliated firms or entities. Please refer to www.freshfields.com/support/legalnotice for regulatory information (including in relation to the provision of insurance mediation services).
For more information contact:
Nicky Duncan
E nicky.duncan@freshfields.com
T +971 4 5099 172
© Press Release 2009
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