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 lawyers recognised by Chambers and Partners
16/10/2025
Burness Paull lawyers working across the full range of commercial legal specialisms have been recognised by Chambers and Partners in its latest rankings.
Burness Paull bolsters competition law offering with appointment of UK market leader
07/10/2025
Burness Paull has significantly strengthened its competition law offering with the appointment of Tom Usher as a senior advisor.
Legal 500 recognises Burness Paull lawyers
01/10/2025
The Legal 500 results see Burness Paull with increased practice area and individual rankings compared to last year.
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