Slaughter and May advised PTTEP in relation to its acquisition of a 10% participating interest in the Ghasha Concession from Wintershall Dea

Slaughter and May advised PTT Exploration and Production Public Company Limited (PTTEP) in relation to its acquisition from Wintershall Dea Middle East GmbH (Wintershall Dea) of a 10% participating interest in the Ghasha Concession, one of the largest natural gas fields in The United Arab Emirates, which aims to operate with net zero emissions. Located offshore in the western part of Abu Dhabi, the Ghasha Concession, operated by Abu Dhabi National Oil Company, is set to produce more than 1,500 million standard cubic feet per day of gas before the end of the decade. Further, the project aims to capture 1.5 million metric tons per annum of carbon dioxide.

Slaughter and May worked as part of an integrated team with PTTEP’s Senior Executive Counsel and Legal Counselor (E&P Legal Division), Ittipol Narkbenjaporn and Jadhya Siriseth respectively.