Oil & Gas and Mining

Advising DEA Deutsche Erdoel AG (formerly RWE Dea) on the amendment to the concession agreements for the development of the North Alexandria and West Mediterranean deep water gas fields. Our role included participating in the negotiations with the Egyptian General Petroleum Corporation and advising DEA Deutsche Erdoel AG on all the Egyptian law aspects and implications of the amendment. This project is considered to be the largest in the oil and gas industry. The project production capacity represents approximately between 1 to 1.2 billion cubic feet per day, which is 25 percent of the current production of natural gas. The total investment of DEA and BP will be around 12 billion US Dollars to develop 5 trillion cubic feet of gas resources and 55 million barrels of condensates.

Advising a major regional oil & gas company in relation to the potential acquisition of interests in several Egyptian concessions held by a major international oil & gas company. Our role included conducting extensive due diligence in relation to the target concessions and advising on the Egyptian law requirements for the transfer of the interest in the Egyptian concessions.

Advising Shell on the Egyptian aspects of restructuring of its downstream business in Africa. Our work included advising Shell on the spin-off of its lubricants business in Egypt and selling to Total the fuel stations business.

Advising and conducting a comprehensive due diligence on the gold concession granted to Pharaoh Gold Mines (a subsidiary of Centamin Egypt Limited) in Egypt for the purpose of the latter’s admission to be listed in the Official List of the Financial Services Authority and admission to trading on the London Stock Exchange and a parallel listing in the Toronto Stock Exchange. The gold concession granted to Pharaoh Gold Mines is the first significant gold concession to be granted in Egypt.

We are retained by DEA Deutsche Erdoel AG (formerly RWE Dea AG) as its external legal counsel to advise the company on all its oil and gas business in Egypt. Our work for DEA includes advising the company on the only two gas concessions in Egypt which are not based on a production sharing arrangement, and representing RWE in negotiating such concessions with EGPC.

Advising a number of Major Arab, Asian, Australian, American and European oil and gas clients including KUFPEC (a subsidiary of Kuwait Petroleum Corporation), ONGC Videsh, Beach Petroleum, BG and others on a wide range of issues related to oil and gas concessions in Egypt.

Advising DEA Deutsche Erdoel AG (formerly RWE Dea) on the Egyptian law aspects of the $ 7.1 billion sale of its global oil & gas business to L1 Energy. Our role included conducting a vendor due diligence in relation to the oil & gas assets of  DEA Deutsche Erdoel AG (formerly RWE Dea) in Egypt as well as responding to the various inquiries that arose throughout the course of the transaction. This deal is considered one of the largest M&A transactions to take place globally this year.