bp and XRG (ADNOC): Arcius Energy [51%:49%] – bp will contribute the following concessions in which it holds various interests – Shorouk (bp 10% interest): North Damietta (bp 100% interest);
- Value
- Undisclosed
- Date
- 14 February 2024
- Transaction type
- Commercial Agreement, Merger
- Practice area
- Mergers and Acquisitions
- Sector
- Power and Renewables
- Jurisdiction
- Egypt
- Client
- bp and XRG (ADNOC): Arcius Energy [51%:49%] – bp will contribute the following concessions
Summary
bp and XRG (ADNOC): Arcius Energy [51%:49%] – bp will contribute the following concessions in which it holds various interests – Shorouk (bp 10% interest): North Damietta (bp 100% interest); North El .
Recorded in the DealMakers AFRICA 2024 Annual (Q4 2024) North Africa transaction table (announced 14 February 2024). Legal adviser(s) as listed in the table. Value undisclosed.
Why it matters
3 – Impactful (significant / value undisclosed)
Scope of legal work
Matouk Bassiouny & Hennawy; Gibson Dunn; Norton Rose Fulbright; Al Kamel Law Office; ENSafrica (legal adviser, as recorded by DealMakers AFRICA)
Advisers
Other parties
bp and XRG (ADNOC): Arcius Energy [51%:49%] – bp will contribute the following concessions (acquirer or investor); which it holds various interests – Shorouk (bp 10% interest): North Damietta (bp 100% interest); North El Tabya, Bellatrix-Seti East and North El Fayrouz exploration concession agreements (counterparty or target)
Sources
Compiled by Meridian from the public announcements and filings listed under Sources.
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