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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Six in a row for Burness Paull at prestigious IP legal awards
11/04/2025
Burness Paull has won the award for Scotland IP Disputes Firm of the Year for the sixth year in a row at the Managing IP EMEA Awards 2025.
Burness Paull advises Icen Risk on strategic investment by Zurich Insurance Group
10/04/2025
Burness Paull was pleased to advise Icen Risk, a leading specialist M&A insurer, on a significant strategic investment by global insurance company Zurich Insurance Group.
Burness Paull promotes five lawyers to partner
01/04/2025
Burness Paull has promoted five of its lawyers to partner as the firm prepares for further growth in key areas and continues to invest in developing homegrown talent.
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