Global law firm Hogan Lovells has acted as lead legal counsel advising the State Oil Company of Azerbaijan Republic (SOCAR) on its recently announced agreement to acquire an indirect 10% equity stake in the Tamar gas field.
The Tamar gas field is located offshore Israel and is one of the largest and most strategically important gas fields in the Mediterranean basin.
The Hogan Lovells team was led by partners Ben Sulaiman (Head of Oil & Gas) and Alastair Young (M&A). The core team included partners Karen Hughes (Tax) and Hannah Logan (M&A); counsels Mark Nash (Projects), Aaron Burchell (Tax), Christopher Peacock (Competition); senior associates Andreas Demetriou (M&A), Ed Wallis (Projects), John Embleton (Competition) and Tom Edwards (Projects), and associates Kye Saich (Tax) and Zuzanna Krzyzos (M&A).
Commenting on the deal, partners Ben Sulaiman and Alastair Young said: “We are delighted to have assisted SOCAR on its agreement to acquire an interest in the Tamar gas field. This transaction showcases our international energy sector capabilities and the strength of our fully integrated specialist teams.”
