Bracewell LLP assisted Apache Corporation (NYSE, Nasdaq: APA), an oil and gas exploration and production company, with its agreement to sell its operations in Argentina to YPF S.A. for a base consideration of U.S. $800 million which was signed on 12 February 2014.
Bracewell acted as lead transaction counsel for Apache. The firm has recently acted on a number of transactions for this long-standing and highly valued client, including the $3.75 billion sale of Apache’s Gulf of Mexico Shelf operations and properties to Fieldwood Energy LLC, and certain matters in relation to Apache’s UK North Sea operations.
“The London office of Bracewell & Giuliani is exclusively dedicated to the energy sector and we were thrilled to have worked with Apache on this strategically important disposal,” said Alastair Young, the lead Bracewell partner. “There is a lot happening in the oil and gas M&A space in Latin America at the moment. This transaction shows how our preeminent energy teams in both the US and London work seamlessly together and how important that can be for international energy deals in Latin America.”
Bracewell attorneys involved in this transaction include:
Partners: Alastair Young, G. Alan Rafte, Michael C. Hefter and Elizabeth L. McGinley
Associates: Olga Galin,Vivian Y. Ouyang and Shujun Tian
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