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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The Burness Paull Foundation supports Team Scotland and Team England in the Homeless World Cup 2025
22/08/2025
Running from 23 – 30 August in Rådhusplassen, Oslo’s City Hall Square, the tournament will unite more than 500 players from 48 countries in a global celebration of football and friendship.
Burness Paull appoints first chief operating officer to support next phase of growth
23/06/2025
Burness Paull appoints first chief operating officer to support next phase of growth
Burness Paull reinforces energy team with appointment of leading renewables lawyer
03/06/2025
Burness Paull has appointed highly regarded renewables development lawyer Nicola Scott as a partner in its energy team.
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