By Andres Vega, International Associate at Centurion Law Group.
Angolan lawmakers last week approved the revision of current legislation, allowing for oil and gas pre-exploration studies to be carried out in some areas previously designated as natural reserves. The government however stressed, that this law was by no means a relaxation of the stringent environmental provisions required for oil exploration in Angola that already exist. According to H.E Diamantino Pedro Azevedo, Minister of Mineral Resources and Petroleum, less than 3% of the zones previously designated as protected are likely to be affected by this provision. Angola’s constitution and applicable presidential decrees all mandate that oil and gas exploration only be carried out in a manner that is environmentally friendly. The proposed new law secured a majority of over 70% in Angola’s parliament.
Pan African Law Conglomerate, Centurion Law Group (www.CenturionLG.com) is pleased to have acted as local counsel to Panoro Energy ASA (Panoro) on the $105 million
Centurion Law Group Advises Panoro Energy on Its Acquisition of Tullow ’S Oil Asset in Equatorial Guinea
Feb 23, 2021 10:00 AM ET Legal Newswire POWERED BY LAW.COM
22 February 2021, Johannesburg - Pan African Law Conglomerate, Centurion Law Group is pleased to have acted as local counsel to Panoro Energy ASA (Panoro) on the $105 million purchase of all Tullow Oil PLC (Tullow) assets in Equatorial Guinea. The parties have signed a sale and purchase agreement, pursuant to which Tullow has agreed to sell its entire interest in Tullow Equatorial Guinea Limited.
“We are excited to have assisted Panoro Energy on this landmark Oil and Gas transaction,” said Manuel Oliveira Director and Shareholder, who led Centurion’s EG deal team. “This was a significant transaction that involved cooperation between experienced attorneys from Centurion and also Panoro’s team.” Added Mr. Oliveira.
Centurion Law Group Advises Panoro Energy on Its Acquisition of Tullow S Oil Asset in Equatorial Guinea – Business ipsnews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ipsnews.net Daily Mail and Mail on Sunday newspapers.
Pan African Law Conglomerate, Centurion Law Group (www.CenturionLG.com) is pleased to have acted as local counsel to Panoro Energy ASA (Panoro) on the $105 million purchase of all Tullow Oil PLC (Tullow) assets in Equatorial Guinea. The parties have signed a sale and purchase agreement, pursuant to which Tullow has agreed to sell its entire […]