Sharkawy & Sarhan Facilitates Landmark Energy Deal
In a significant development in the energy sector, the Oil & Gas team at Sharkawy & Sarhan has successfully served as the Egyptian legal counsel in the sale of the Neptune Energy Group to Eni International BV (Eni).
The Neptune Energy Group, an independent global exploration and production (E&P) company with operations across Europe, North Africa, and Asia Pacific, was sold in a transaction valued at an aggregate of $4.9 billion. This deal also included an inter-conditional sale of Neptune Energy’s Norway business to Vår Energi.
This acquisition of Neptune Energy by Eni marks a pivotal milestone in the energy industry. The role of Sharkawy & Sarhan in this landmark deal underscores the firm’s commitment to delivering unparalleled legal expertise and facilitating strategic partnerships that drive innovation and growth in the sector.
The Oil & Gas team at Sharkawy & Sarhan, led by Partner Heba -T- Allah (Heba) Anwar Ahmed Raslan and closely supported by Associate Farahnaz Abdel Bary, has been instrumental in this transaction. Their dedication and expertise have been pivotal in navigating the complexities of the deal.
Sharkawy & Sarhan has been advising the Neptune Energy Group on Egyptian law aspects of its oil and gas upstream business in Egypt for several years. The firm’s involvement in this recent transaction further highlights its significant role in shaping the landscape of energy exploration and production in the region.
