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Bracewell Acts for Eni on its Sale of 10% of Egypt’s Super-Giant Zohr Gas Field to BP

LONDON – Bracewell acted for Eni on its agreement to sell a 10% participating interest, together with an option for a further 5%, in the Shorouk Concession, offshore Egypt, where the super-giant Zohr gas field is located, to BP. The transaction, which signed on 25 November, 2016, has a base purchase price of USD $375 million.

Bracewell lawyers involved in this transaction included:

Partners: Alastair Young and Martin Stewart-Smith

Associates: Adam BlytheEimear Murphy, and Kirsty Law