North Sea
Vinson & Elkins’ lawyers have been advising clients, including oil and gas majors, independent operators and non-operators, service companies, and financial institutions, for more than 50 years on transactions and disputes in the North Sea.
In particular, our North Sea work encompasses asset and share sales and purchases, advising on all contracts required for exploration appraisal and development, regulatory and tax advice, and resolving oil and gas disputes.
Since 2010, our UK team advised on more than $3.5 billion of completed sales and acquisitions, and has perfected the art of structuring hive-down and sale deals for North Sea oil and gas fields.
Such experience allows our clients to benefit from greater efficiency and more focused advice than most other firms would be in a position to provide. It also means V&E would not incur a costly learning curve to get up to speed on issues relating to the transactions and disputes in the region.
Experience Highlights
An oil & gas supermajor in relation to its exit from the UK North Sea through the divestment of its interests in a portfolio of North Sea assets, including several offshore producing assets and an exploration field, and a related gas processing terminal, to an independent upstream oil & gas company
Sixth Street and Oaktree on the acquisition of Iona Energy, out of an administration and CVA, and related financing, co-investment and management incentive arrangements
Several major U.S. energy groups in relation to the disposals and acquisitions of UK North Sea licences and related reorganisations