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News Feb 09, 2015

Shearman & Sterling Advises on New Onshore Oil Concession in Abu Dhabi

Shearman & Sterling advised the Supreme Petroleum Council and Abu Dhabi National Oil Company (“ADNOC”) on the grant of a 10% interest in the new 40-year onshore oil concession in the Emirate of Abu Dhabi to Total, the first oil and gas company to be granted rights in the new Abu Dhabi onshore concession. ADNOC is a long-standing client of Shearman & Sterling, which has had an office in Abu Dhabi for 40 years.

The Shearman & Sterling team included associates Vikki Fabian and Matthew Anson (both Abu Dhabi-Mergers & Acquisitions) and Mark Casey (Abu Dhabi-Project Development & Finance).