Slaughter and May advised PTTEP on the formation of a joint venture in connection with the Ghasha Concession

Slaughter and May advised PTT Exploration and Production Public Company Limited (“PTTEP”) in relation to the formation of Seela Energies B.V. (“Seela”), a 50:50 joint venture between wholly-owned subsidiaries of PTTEP and Eni S.p.A. (“Eni”). Pursuant to the transaction, PTTEP and Eni have each contributed their indirect 10% participating interests in the Ghasha Concession, such that Seela holds a 20% participating interest in the Ghasha Concession.

The Ghasha Concession, located offshore in Abu Dhabi and operated by Abu Dhabi National Oil Company, is one of the world's largest gas developments.

Slaughter and May previously advised PTTEP on the acquisition of its 10% participating interest in the Ghasha Concession from Wintershall Dea Middle East GmbH.

Slaughter and May worked as part of an integrated team with PTTEP’s internal legal team on the transaction.