London—Dentons has advised Wintershall Holding GmbH, Germany’s largest crude oil and natural gas producer and a wholly owned subsidiary of BASF, on its acquisition of a ten per cent stake in the Ghasha concession alongside the Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates.

Wintershall joins ADNOC and Eni (the Italian multinational oil and gas company) in the concession, which consists of the Hail, Ghasha, Dalma and other offshore sour gas fields.

The concession agreement, which has a term of 40 years, was signed in late November 2018 by his Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO, and Mario Mehren, CEO of Wintershall.

Danielle Beggs, UK Energy, Transport and Infrastructure partner at Dentons led on the deal. In addition, the Dentons team advising Wintershall on the concession agreement included Dubai-based Energy, Transport and Infrastructure partner Mhairi Main Garcia, and Torquil Law, and associates Michael Walton, Liam O'Flynn and Wei Wei. TMT partner Catherine Bingham and Dispute Resolution partner Liz Tout and senior associate James Langley also advised.

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