Dentons advised Wintershall Dea on the deal.
Europe’s leading independent natural oil and gas company, Wintershall Dea, closed its agreement for the expansion of their interest in the Algerian Reggane Nord gas project by acquiring Edison International’s entire 11.25% participating interest.
The project comprises six gas fields over an 1,800 km2 area in the Southwest of Algeria and is expected to be in production until at least 2041. The acquisition is part of Wintershall Dea’s plan to strengthen its presence in Algeria.
Following the completion of the deal (which is subject to regulatory and other approvals), Wintershall Dea will increase their share in the project from 19.5% to 30.75%. Other parties to the project are Sonatrach (40%) and Repsol (29.25%).
Wintershall Dea is Europe’s leading independent natural gas and oil company with more than 120 years of experience as an operator and project partner along the entire E&P value chain.
Dentons’ team was led by Humphrey Douglas (Picture), Energy Partner, and comprised counsel Kenny Paton, senior associate Shahd Amin, associate Angela Cheng, and trainee Daniel Mayhew.
Law Firms: Dentons;
Clients: Wintershall Dea;