A Locke Lord deal team 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 comprised of Nick Jennings (London).
Posted June 11, 2021.