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ShaMaran Petroleum Corp. Announces Transformative Acquisition of TotalEnergies

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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.

The V&E corporate team was led by partner Chris Strong with assistance from Nadine Amr, Lauren Davies, Serena Eum, Steven Wilson, and Afzaal Abidi. Tax assistance was provided by Andrew Callaghan, Byul Han, Simrita Chadha and antitrust guidance was provided by Hill Welford and David Smith.

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