Slaughter and May, working as a team with the in-house legal team at Cowan and Barbosa, Müssnich & Aragão Advogados, advised Cowan Oil and Gas Namibia (Proprietary) Limited (Cowan) on the assignment by way of a farm-out agreement of Cowan's participating interest in the petroleum exploration licence PEL 0046 covering Blocks 2613A and 2613B located offshore of the Republic of Namibia to Murphy Oil and Gas (40%) and OMV Namibia (25%).

Following the above assignment, which completed on 2 April 2014, Namibia will retain 15% while Cowan will retain 20% of the participating interest.

CONTACTS

Corporate and Commercial: Mark Zerdin (partner)

Barbosa, Müssnich & Aragão Advogados: Plinio Simões Barbosa (partner), Carlos Frederico Lucchetti Bingemer (partner), Leandro Bittencourt Marcondes (senior associate)

Cowan: Camila Chamas Falcão (in-house legal team)