Mușat & Asociații assisted Petrofac, one of the major international players in the oil industry services, included in the FTSE 100 Index and listed on the London Stock Exchange with the symbol (PEC), in taking over the oil drilling operations in the Țicleni area. Further to the agreement, concluded for a period of 15 years, Petrofac will manage and re-develop nine onshore deposits, providing the necessary expertise and engineering, while Petrom will continue to be the holder of the concession agreement and of the hydrocarbon production.
“The conclusion of this agreement marks the entering of one of the leading international players in the oil industry services on the local market. It required, in the pre-implementation stage, a complex and multi-disciplinary approach carried out by a team of five attorneys. Its successful completion confirms our expertise in natural resources and energy, as well as in other relevant legal matters, such as labor law or environment law”, says Luminița Popa, Partner with Mușat & Asociații and manager of the project team.
In the field of energy and natural resources, Mușat & Asociații provides legal assistance for high-profile companies such as Enel, Gabriel Resources or Rompetrol. Furthermore, Musat & Asociatii’s energy and natural resources expertise is regularly praised by the reputed international legal guides, Chambers & Partners and Legal 500, which place the firm at the top of the rankings in this area of expertise and highly recommend our lawyers as experts on the local market.
Mușat & Asociații assisted Petrofac in one of the biggest transactions carried out in the local oil industry