LONDON – Bracewell (UK) LLP advised Savannah Energy PLC on the completion of its acquisition of ExxonMobil’s entire upstream and midstream asset oil and gas business in Chad and Cameroon. Following completion of the acquisition, Savannah is now the operator of the seven fields comprising the Doba Oil Project and a 40 per cent shareholder in the 1,081 km cross-border pipeline and offshore FPSO owned by the TOTCO-COTCO consortium.
Ben James, who led the transaction for Bracewell, commented: “After Savannah’s months of preparation for this moment, we are delighted to see this transaction close. We have advised Savannah on this important acquisition since the start of negotiations with ExxonMobil and wish Savannah every success with the implementation of its investment programme for this business.”
Bracewell lawyers involved in the transaction include:
Partners: Ben James and Oliver Irwin
Senior Associates: Adam Waszkiewicz, Jessica Hastings and Lauren Kelsall
Associates: Chris Travis and Sam Phillips