Sidley is representing United Energy Group (UEG), a leading independent exploration and production company listed on the Main Board of the Hong Kong Stock Exchange, in its acquisition of Pakistan oil and gas assets from OMV Aktiengesellschaft, an international, integrated oil and gas company based in Vienna, Austria, by acquiring the entire issued share capital of two wholly owned subsidiaries of OMV Aktiengesellschaft for an approximate consideration of €80.6 million and €77.2 million, respectively. Completion of the transaction is pending upon satisfaction of a number of conditions, including regulatory approval.

The Sidley team was led by partner Tao Lan, with support from associates Gloria Wang and Joyce Hu from the Beijing office, and partner David Gartside (Finance), partner Charlie Wilson and counsel Waltter Kulvik from the Singapore office. Sidley’s Tax team, consisting of partner Oliver Currall and associates Jason Pegnall and Caleb McConnell, based in London, has also provided support for the transaction.

Sidley is committed to building a world-class Energy practice with integrated team efforts and leading industry practitioners in Beijing, Hong Kong, Houston and Singapore.