Dentons with Gulf Energy on Tullow Kenya acquisition
Dentons has advised Kenya-based and owned Gulf Energy on the acquisition of shares in Tullow Kenya by its subsidiary, Auron Energy E&P. The shares were purchased from Tullow Overseas Holdings, a subsidiary of Tullow Oil. Closing of the transaction is pending customary regulatory approvals.
The context
Tullow Kenya owns the totality in the production sharing contracts for several oil and gas exploration blocks located in the South Lokichar Basin in Kenya. Following the transaction, Gulf Energy aims at developing the areas in question, eventually moving to production and export.
The Dentons team
A cross-jurisdictional Dentons team from Kenya, the UK and the Netherlands worked on the matter. Partners Andrew Mugambi (Nairobi, pictured left) and Humphrey Douglas (London, pictured right) led the firm lineup, which also featured counsel Tim Mosk (Amsterdam), partner Torquil Law (London), senior associate Seraphine Ndala, associate Arnold Ombasa (both Nairobi), tax partner Lorna McCaa, senior associate Jamie MacGregor (both Glasgow), consultant John Finnick (Edinburgh), senior practice development lawyer Alexander Hewitt (London), and associate Daniek Kradolfer (Amsterdam).
