years

Orrick advises Maurel & Prom on renewal of Gabon licenses and renegotiation of PSA

Posted on : Wednesday , 10th September 2014

 Orrick Rambaud Martel has advised Établissements Maurel & Prom, one of France’s largest oil companies, on the renewal of its seven exclusive exploitation and development licenses in Gabon covering 6,100 km and on the renegotiation of the related production sharing contract with the Government.

The Gabonese State and Maurel & Prom S.A., the Gabonese subsidiary of the French oil & gas exploration company listed on the Paris Stock Exchange, have concluded a new production sharing contract called “Ezanga”, replacing the previous “Omoueyi” contract. The new contract meets the development objectives of the Gabonese oil and gas sector while protecting, for an additional 20-year period, Maurel & Prom’s rights to assets that represent 85 percent of the value of the company.

Source : energymixreport.com

OUR ASSOCIATES

VIEW MORE

EXPOGROUP

Expogroup is a full service exhibition organiser with over eighteen years experience in International.Trade Exhibitions and Events. Our current portfolio includes 20 annual exhibitions from a diverse range of industries being held across the Middle East & Africa.

EXPOGROUP © 1996 - 2022 | Privacy Policy

Find us here

Subscribe Newsletter

Join our mailing list and receive latest news and advice from us in our monthly Newsletter

Yes, I would like to receive Expogroup E-newsletters

Instant Reply