Congratulations to Dragon Oil, a subsidiary of Emirates National Oil Company, on the completion of its acquisition of BP’s stake in The Gulf of Suez Petroleum Company (“GUPCO”).
GUPCO currently produces around 60,000 barrels of oil per day from 11 concessions, and Dragon Oil plans to increase production above 75,000 barrels of oil per day and to maintain production at that level during the next 10 years.
Burness Paull’s previous experience of upstream oil & gas deals in Egypt includes acting for RWE DEA in the negotiation of the joint venture, transportation and other agreements for the West Nile Delta project, the $12 billion development of the Taurus, Libra, Giza, Fayoum and Raven fields utilising two separate export routes. Those fields are expected to account for around 20 per cent of Egypt’s current gas production.
Latest News
Error.
No results.
Burness Paull becomes the first law firm to sign up to the Pathways Pledge
30/10/2025
Burness Paull has become the first law firm to sign up to the Pathways Pledge, an initiative created by Pathways Forward which aims to raise the participation of women in the entrepreneurial economy.
Burness Paull Funds partners recognised in the Lexology Index: Private Funds 2026 and Client Choice 2026 reports
17/12/2025
Funds partners Paula Kennedy and Andrew Christie have been recognised in the Lexology Index: Private Funds 2026 and Client Choice 2026 reports.
Burness Paull contributes to independent report aimed at building more globally competitive companies in Scotland
11/11/2025
An independent report Scaling Scotland: Building the Engine for the Next 50 Years of Prosperity, which supports the development of more globally competitive companies in Scotland, was published today.
{name}
{properties.pageSummary}
{properties.headline}
{properties.pageDate|date:dd/MM/yyyy}
{properties.shortDescription}
