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Bracewell Counsels Apache in Sale of Oil Field Interests in the UK

Bracewell & Giuliani LLP acted as lead transaction counsel for Apache Corporation (NYSE, Nasdaq: APA), an oil and gas exploration and production company, in the sale of its participating interests in the Scott and Telford oil fields in the UK Central North Sea to Edison. The transaction was completed on April 30, 2015.

Bracewell has recently acted on a number of transactions for Apache, including the $1.4 billion sale of oil and gas assets in southern Louisiana and in the Anadarko Basin, the $800 million sale of its business in Argentina to YPF and the $3.75 billion sale of its Gulf of Mexico Shelf operations and properties to Fieldwood Energy LLC.

“We were thrilled to have worked with Apache on this matter,” said Alastair Young, the lead Bracewell partner. “The North Sea is a mature basin which is governed by a complex regulatory, contractual and fiscal landscape. The transactional environment in the North Sea is ever evolving and, as an energy sector focused firm, we are delighted to be at the forefront of North Sea deals.”

Bracewell attorneys involved in this transaction include:

Partner: Alastair Young

Associates: Ana Becker-Weinberg, Olga Galin and Sally L. Brunton