Hogan Lovells Advised Chevron Corporation On The Sale Of Its Interests In Block 14 And Block 14K, Offshore Angola
Hogan Lovells advised Chevron Corporation on the sale of its interests in Block 14 and Block 14K, offshore Angola
The global law firm, Hogan Lovells advised Chevron Corporation on the sale of its 31% operated interest in Block 14 and its 15.5% non‑operated interest in Block 14K, offshore Angola, to Energean plc. The base consideration for the transaction is US$260 million. In addition, up to US$250 million of contingent payments may become payable until 2038 in relation to the potential future PKBB development, contingent on both realised oil prices and production exceeding certain thresholds.
Closing of the transaction is conditional on customary governmental and regulatory approvals and waiver of pre‑emption rights and is expected to take place by the end of 2026.
The Hogan Lovells team advising Chevron was led by Sarah Shaw (Partner), with support from Ben Sulaiman (Partner), Philip Harle (Partner), Catherine Lah (Senior Associate), Adela Komorowska (Senior Associate), and Nancy R., Wilson Pek, and Emily Louise (Associates).
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