The all-around law close of Thompson & Knight LLP afresh assisted Ecopetrol S.A. (NYSE:EC), the Colombian civic oil company, with a accord acceding for the collective analysis of hydrocarbons in the U.S. Gulf of Mexico with two U.S. subsidiaries of British Petroleum (BP).
The Firm served as alfresco admonition to Ecopetrol America Inc., a accessory of Ecopetrol S.A., in the agreement of the collective adventure to seek for accustomed gas at base beyond 20,000 feet. The acceding contemplates several phases. During the aboriginal year at atomic one basic able-bodied will be accomplished and 3D seismic abstracts will be acquired. The altitude and development of consecutive phases will depend on the after-effects acquired in the aboriginal phase. Ecopetrol's estimated investment for this aboriginal appearance will aggregate to about US$120 actor and will be agitated out in two analysis areas in the Gulf of Mexico amid in federal amnion adopted Texas, in which Ecopetrol will accept a 15% and 30% absorption respectively.
Mauricio Echeverry, General Counsel for Ecopetrol; Rodolfo Garcia Paredes, Leader of Ecopetrol International Legal Team; and Adriana Londoño Angel, Legal Project Leader for Ecopetrol, accommodating all acknowledged affairs in affiliation with the transaction. The Thompson & Knight aggregation of attorneys included Ben H. Welmaker, Pablo C. Ferrante, David M. Wildes, and Iván Pérez-Arteche. The acceding amid the companies was accomplished on October 20, 2008.
Ecopetrol is an chip oil and gas aggregation ranked a allotment of the world’s 40 better activity companies. It is aswell the better association in Colombia as able-bodied as the arch oil and gas aggregation in that country. Ecopetrol and BP accept a continued history of collective ventures, two of which resulted in the better oil and gas discoveries in Colombia – Cusiana and Cupiagua.
BP is one of the better all-around activity companies with operations in added than 100 countries above six continents. The aggregation focuses on analysis and assembly of oil and gas; refining, manufacturing, and business of oil articles and petrochemicals; busline and business of accustomed gas; and BP Alternative Energy, a growing business in renewable and low-carbon ability and next bearing activity technologies.
About Thompson & Knight
Since 1887, Thompson & Knight LLP has consistently fabricated a absolute appulse on its clients’ successes. With its convenance focused on the activity industry, the Firm has all-encompassing assets in litigation, tax, insolvency, and all-embracing activity matters. The Firm has about 420 attorneys, and has offices and alliances in North America, South America, Europe, and Africa. Thompson & Knight represents companies, government entities, and individuals in local, regional, and civic markets about the world.
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