We are pleased to announce that a chapter on “Acquisitions and Divestments in the Upstream Sector” authored by Anna Nerush has recently been published in the “Oil and Gas Contracts - Principles and Practice”- Second Edition (Sweet and Maxwell).
The publication provides an intricate overview of the contractual framework applicable to upstream, midstream and downstream petroleum contracts. It considers the essential elements and practical issues through the full project cycle, from the initial phase which relates to the period up to the decision to develop a commercially viable discovery of petroleum, sustainability of a successful project through joint operations, to various contracts used to bring a project to the point of production.
The “Acquisitions and Divestments in the Upstream Sector” chapter addresses the subject of acquisitions and divestments in the oil and gas sector, with a particular focus on upstream transactions and covers the essential issues associated with sale and purchase transactions and farmouts. This chapter provides useful practical guidance on various elements and nuances arising in the context of sale and purchase negotiations and documentation, as applicable to both asset and share disposals and acquisitions, including consideration structures commonly seen in farmouts.
To read a selected extract from Anna’s chapter, please click here.*
Anna Nerush is a corporate energy lawyer focusing on the oil and gas and renewables sectors. Anna advises clients on a wide range of corporate matters, including cross border M&A and joint ventures across multiple sectors including the upstream, midstream, and downstream oil and gas value chain, with projects ranging from unconventional resources to offshore developments, LNG, and refining. She also focuses on the renewables industry with specific experience in solar, wind, and biomass projects.
*This material was first published by Thomson Reuters (Professional) UK Limited in Roberts (ed), "Oil and Gas Contracts – Principles and Practice, 2nd edition" (2019) and is reproduced by agreement with the Publishers.