Dentons has advised OMV Petrom S.A, the largest energy company in Southeastern Europe, on the sale of its 100% shareholding in Kom-Munai LLP (KOM) and Tasbulat Oil Corporation LLP (TOC) to Magnetic Oil Limited. KOM and TOC hold the production licenses for four onshore fields in Kazakhstan, Komsomolskoe, Aktas, Tasbulat and Turkmenoi.
The cumulative daily production of the four fields was 6.45 kboe/d in 2019, representing ~4% of the OMV group’s production.
The Dentons team was led by UK partnerĀ Humphrey DouglasĀ and associateĀ Angela Saldanha, and Kazakhstan partnerĀ Victoria SimonovaĀ and senior associateĀ Ruslan Nurbekov, supported by associateĀ Parisa Ahmadian, Tax partnerĀ James MeakinĀ and associateĀ Kirsten Hunt.
Jeffries International (London) acted as Financial Advisor to OMV Petrom, led by Philip Clausen-Thue.
