Dentons with Mitsui E&P in $75M Oman asset deal

Dentons has advised oil and gas exploration and production company Mitsui E&P Middle East (MEPME), a subsidiary of Mitsui & Co, on the sale of its 35% non-operated interest in Block 27 in the Sultanate of Oman to OQ Exploration & Production SAOG (OQEP), for US$75 million.

Block 27 is a producing onshore oil and gas asset in Oman that has been operating since 2006, operated by Occidental Petroleum, a U.S.-based internationally active energy company, which, pursuant to the deal, will keep its 65% interest.

The Dentons team

Energy partner Torquil Law (pictured left) led the Dentos team on the matter, working alongside Muscat-based partner Yasser Taqi (pictured right), counsel Paul Flynn, senior associate Fatima Al Sabahi, associates Alexandra Velizarova, Nada Al-Amri and trainee solicitors Manya Jain and Jonathan Webb.