Work Highlight

Oil & Gas

Farm-out Agreement

We assisted our upstream client in their negotiations and subsequent execution of a farm-out agreement relating to a 50% participating interest in conventional resources which was acquired by a subsidiary of Gazprom Neft. The structure deployed was a novel one for Hungary which required careful consideration of payment terms and structure, but which allowed the client to book a receivable on the farm-out, rather than invest via a traditional carry structure.


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