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JV Restructuring — Upstream Assets

Al Maha Petroleum LLC
Matter progress
Redline14 docs · 47d open
Overview

Restructuring of the upstream joint venture between Al Maha Petroleum and Petrogas E&P covering Block 6 assets. The parties are re-cutting governance, off-take and change-of-control terms following Al Maha's shareholder reorganisation. Currently in redline with two open reservations on change-of-control triggers and step-in rights; MoME consent workstream running in parallel.

Deal value
OMR 185,000
Client
Al Maha Petroleum LLC
Counterparty
Petrogas E&P LLC
Matter type
JV
Lead lawyer
Huda Al Balushi
14 docs · 47d open · Redline
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Deal documents
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DocumentPartyKey clausesRiskLang
Share Purchase Agreement — v3 (working)
Al Maha ↔ Petrogas Emirates
Change of controlConsentGoverning lawIndemnity
HighENRedline
اتفاقية شراء الأسهم — النسخة ٣
الماها ↔ بتروجاز الإمارات
Change of controlGoverning law
MediumARRedline
Shareholders' Agreement — Initial Draft
JV Parties
ConsentEncumbranceTermination
MediumENRedline
Disclosure Letter
Seller side
Indemnity
LowENRedline
قرار مجلس الإدارة — الموافقة على الصفقة
Al Maha Board
Consent
LowARRedline

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