ShaMaran Petroleum Corp. Announces Transformative Acquisition of TotalEnergies
Vinson & Elkins advised ShaMaran Petroleum (“ShaMaran”) in connection with its agreement with a subsidiary of TotalEnergies S.E. to acquire its affiliate (TEPKRI Sarsang A/S) holding an 18% non-operated participating interest in the Sarsang Production Sharing Contract in the Kurdistan region for an initial consideration of US$ 155 million plus working capital adjustments amounting to US$ 14.2 million as of January 1, 2021.
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