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 bolsters partner ranks with hire of hotels and student accommodation specialist
07/10/2026
Burness Paull has hired hotels and student accommodation specialist Roland Smyth as a partner to boost sector growth from within its market-leading real estate team.
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.
The Burness Paull Foundation supports a summer of fundraising
23/09/2026
The Burness Paull Foundation has supported a wide range of charitable activity over the summer.
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