Dentons Advised Mitsui On Sale Of Interest In Oman’s Blocks 3, 4 And 9
Dentons advised Mitsui on the sale of interests in Oman’s Blocks 3, 4, and 9 to Kistos Energy for US$148 million.
Dentons advised Mitsui on Sale of Interest in Oman’s Blocks 3, 4 and 9
The global law firm, Dentons advised Mitsui E&P Middle East on the sale of its 5% working interest in Block 9 and 20% working interest in Blocks 3 & 4, both located onshore in the Sultanate of Oman, to Kistos Energy Middle East Limited, a wholly-owned subsidiary of Kistos plc, for US$148 million. Completion of the transaction is subject to customary governmental and regulatory approvals and partner consents.
Block 9, operated by Occidental Petroleum, covers two producing areas, while Blocks 3 & 4, operated by CCED, comprise seven producing fields covering approximately 29,000 km² in eastern Oman.
Torquil Law, who led the transaction team, commented,
"It was great to work with Mitsui's international M&A team and MEPME on this important deal. Our involvement in this transaction underscores the firm's leading position in the Oil & Gas sector, as well as the strength of its international network."
The Dentons team was led by Torquil Law (Partner, Energy) and included Yasser Taqi (Partner, Muscat), Paul Flynn (Counsel), Fatima Al Sabahi (Senior Associate), Alexandra Velizarova, Nada Al-Amri, Karina Chopra (Associates), and Manya Jain (Trainee Solicitor).
Dentons is one of the oldest law firms in the Middle East, having established its Cairo office in 1964. The firm remains one of the largest in the region, with 120+ fee-earners, and operates the broadest regional network of any international firm with 9 offices across Dubai, Abu Dhabi, Riyadh, Jeddah, Muscat, Doha, Amman, Cairo, and Beirut.
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