Clayton Utz is advising Otto Energy Limited (Otto) on its divestment of 100 per cent of the shares in Galoc Production Company WLL (GPC) to Nido Petroleum Limited for US$108m (approximately A$130m). GPC is the holder of Otto's 33 per cent interest in the Galoc oil field.

Perth Corporate Advisory/M&A partner Matthew Johnson, and senior associate Liz Humphry, are leading the Clayton Utz team.