A Locke Lord deal team led by Kevin Atkins (London) represented ADM Energy PLC in its agreement to invest in the development of the Barracuda oil field in OML 141, an existing discovery and near-term production asset located offshore Nigeria. The investment, which completed on April 28, 2021, was made by way of an acquisition of a controlling stake in K.O.N.H. UK Limited, which holds an indirect interest in a Risk Sharing Agreement for the field. For more information, see the press release. The deal team also comprised Matt Daffurn, Nick Jennings and Peter Wilkie (all of London).
Posted June 11, 2021.