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Oil & Gas M&A - Overview

Jones Day's Oil & Gas team has distinguished itself as an industry leader in mergers, acquisitions, divestitures, and joint ventures. Our oil & gas M&A lawyers have advised on some of the most prominent and challenging deals of the last few years, including the formation of the $18 billion TNK-BP joint venture, the largest Russian cross-border M&A transaction to date, and TOTAL's successive mergers with Petrofina ($12.9 billion) and Elf ($55 billion) to form the fourth-largest oil company in the world. 

Since 2000, Jones Day has advised on approximately $300 billion worth of energy M&A transactions worldwide. In addition to multibillion-dollar mergers and joint ventures, our work includes many recent and notable asset acquisitions and dispositions. For example, we represented Transasia Pipeline Company Pvt. Ltd. (a joint venture between ConocoPhillips, PETRONAS, Singapore Petroleum, and Talisman Energy) in its $187.6 million acquisition of a 40% equity stake in PT Transgasindo from PT Perusahaan Gas Negara (and the related financing), the first private investment in Indonesia’s gas transportation sector. We advised BP p.l.c. in the sale of a 35.7% stake in the Fairway natural gas field in the Gulf of Mexico to Marubeni Corporation and advised Columbia Energy Group in the sale of the Cove Point LNG facility to The Williams Companies, Inc. 

Because the energy industry is subject to unique regulatory issues, we make sure our clients know how best to proceed from a regulatory perspective in order to retain the benefits of a successful transaction. Our energy M&A team comprises oil & gas, power, corporate, tax, labor, environmental, and regulatory lawyers recognized for their practical approach, creativity, and industry knowledge. 

Jones Day's Mergers & Acquisitions Practice is among the largest in the world. Since 2000, Jones Day has ranked first in M&A worldwide based on number of transactions, according to Thomson Financial and Bloomberg. We also ranked No. 1 in energy, oil & gas M&A in North America based on deal value (Mergermarket's Deal Drivers, 2004) and were among the top 10 in the U.K. for energy-sector M&A based on deal value (Legal Business, January 2001 - June 2004).