Simmons and A&O lead on $1bn Azerbaijan oil field stake purchase
Simmons & Simmons and Allen & Overy (A&O) have taken lead roles on ONGC Videsh's $1bn (£622m) acquisition of stakes in oil fields in Azerbaijan from New York's Hess Corporation. The Simmons team was led by Hong Kong partners Tom Deegan and Vivien Yang, who advised the India-based energy company on its acquisition of a 2.72% share in the Azeri, Chirag and Guneshli (ACG) fields and a 2.36% interest in the associated Baku-Tbilisi-Ceyhan (BTC) pipeline.
September 12, 2012 at 08:32 AM
2 minute read
Simmons & Simmons and Allen & Overy (A&O) have taken lead roles on ONGC Videsh's $1bn (£622m) acquisition of stakes in oil fields in Azerbaijan from New York's Hess Corporation.
The Simmons team was led by Hong Kong partners Tom Deegan and Vivien Yang, who advised the India-based energy company on its acquisition of a 2.72% share in the Azeri, Chirag and Guneshli (ACG) fields and a 2.36% interest in the associated Baku-Tbilisi-Ceyhan (BTC) pipeline.
A&O represented Hess on the sale, with London corporate partner John Geraghty leading the magic circle firm's team.
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