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.
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Burness Paull tops £100m turnover with double-digit growth
14/05/2026
Burness Paull has reported its results for the financial year ended 31 March 2026, seeing the firm surpass the £100m turnover threshold for the first time with double-digit top and bottom-line growth.
Burness Paull announces five new partners
01/04/2026
Burness Paull has promoted five of its lawyers to partner as the firm recognises commitment to excellent client service, continues to invest in developing talent and readies itself for further growth.
Responsible Business Report 2025: Charting progress and positive change
12/03/2026
Read our annual responsible business report, setting out some of our highlights, areas of progress and areas where we look to improve.
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