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News Apr 30, 2015

Shearman & Sterling Advises on Grant of Interest in New Onshore Oil Concession in Abu Dhabi to INPEX Corporation

Shearman & Sterling advised the Supreme Petroleum Council (the “SPC”) and Abu Dhabi National Oil Company (“ADNOC”) on the grant of a 5% interest in the new 40-year onshore oil concession in the Emirate of Abu Dhabi to JODCO Onshore Limited, a subsidiary of Japan’s INPEX Corporation, the second oil and gas company to be granted rights in the new Abu Dhabi onshore concession.

Shearman & Sterling also advised the SPC and ADNOC on the grant of a 10% interest in the new onshore concession to Total in January 2015. 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).

http://www.shearman.com/en/offices/abu-dhabi