Freshfields Bruckhaus Deringer has advised Brightoil Petroleum Holdings Limited (Brightoil) on the US$1.075bn acquisition of an Anadarko subsidiary operating in China, from a wholly-owned subsidiary of Anadarko Petroleum Corporation.

The acquisition took place through Brightoil Petroleum’s indirect subsidiary, Win Business Caofeidian Limited.

The acquisition sees Brightoil, a leading private Chinese energy company, acquire a participating interest in two oil producing blocks in western Bohai Bay, at a base purchase price of US$1,075,000,000.

The Freshfields team was led by Shanghai partner Jack Wang, and counsel Christian Zeppezauer, based in Shanghai.