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Bracewell Advises Savannah Energy in $676 Million Acquisitions in Chad and Cameroon

LONDON – Bracewell (UK) LLP is representing Savannah Energy Plc in its acquisition of Exxon and Petronas’ entire interests in the Doba oil field in Chad and their shareholding in the Chad-Cameroon Pipeline and Floating, Storage and Offloading vessel for a total consideration of up to $676 million.

“This transaction is a game-changer for Savannah, as exemplified by the fact that each of the Exxon and Petronas acquisitions constitutes a reverse takeover for the company,” said Ben James, who led the Bracewell team on this mandate. “We are delighted to have advised Savannah on these deals, together with the associated debt financing and look forward to seeing them close later this year.”

Bracewell lawyers involved in this transaction include:

Partners: Ben James, Oliver Irwin, Alistair Calvert, Jeffrey B. Andrews, Jeffery B. Vaden, Robert Meade, Olivia Caddy, Elizabeth L. McGinley, Don J. Lonczak, John Gilbert and Tom Swarbrick

Associates: Chris Travis, Lauren Kelsall, Catherine Todd, Adam Waszkiewicz, Jessica Hastings, Jameela Bond, Benjamin Pridgeon and Rory Wilson