Work Highlight

Oil & Gas

Joint Study Agreement

We are advising our longstanding client in relation to their commercial arrangement with a Gazprom Neft subsidiary in Serbia to undertake a joint study in relation to the new hydrocarbon exploration licenses which are to be subject to a bid round by the Hungarian government and to agree terms for it as well as the arrangements for submitting a bid in respect of those licenses the parties jointly agree to seek which include some bordering Serbia and thus include consideration of cross-border unitisation of developments. Over and above traditional commercial and legal issues, the bidding round is subject to ongoing advice depending on how the licensing rounds will work in practice and in particular the criteria to be applied when considering bids which is an area in which we have specialist knowledge.


More from

Oil & Gas