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Bracewell Advises Apache Corporation in Sale of North Sea Assets

Off Shore

London — Bracewell LLP
recently represented Apache Corporation (NYSE, NASDAQ: APA) on its agreement to sell participating interests in multiple North Sea upstream oil and gas assets to Chrysaor Limited, a private company backed by Harbour Energy and EIG Global Energy Partners.

The transaction extends Apache’s existing joint venture with Chrysaor in the Beryl field area of the UK sector of the North Sea.

Bracewell has assisted Apache’s UK North Sea business for many years, including recently acting for Apache on its successful sale of its operated stake in the 323 kilometer (200 mile) SAGE gas pipeline and gas processing terminal in Scotland to the infrastructure investor, Ancala Partners.

Bracewell lawyers involved in the transaction included:

Partner: Alastair Young

Associates: Catherine Todd