Riad and Riad (R&R) has advised ExxonMobil in the 2018 international bid round for gas exploration announced by the Egyptian Natural Gas Holding Corporation (EGAS).
ExxonMobil was announced in February 2019 as one of the winners and was awarded a concession for gas exploration in North East Amereya Offshore. ExxonMobil thereby is marking its first entry into Egypt’s gas upstream sector.
EGAS bid round was dubbed as the largest in its history with five gas exploration concessions awarded including border areas in the Mediterranean Sea as well as land areas in the Nile Delta.
The R&R team was led by partner, Dr. Fatma Salah, who was supported by Senior Associate Heba Elkady and associates Lina Ayman Aboulhassan and Sama Elbaradie.
About Riad & Riad Law Firm
Riad and Riad is an Egyptian law firm with a well-established track record of successfully supporting leading national and multinational corporations and financial institutions in relation to their business in Egypt. Our lawyers deliver results relying on commitment, solid legal expertise, and business know-how.
Over the past years, we have successfully built our Oil & Gas and Mineral Resources experience. Our team has an established experience in advising IOCs in relation to the Egyptian legal and regulatory frameworks, concession agreements, direct and indirect assignment of rights, pre-emption rights, drafting agreements including services, sales, farm-in/out and joint venture/operation agreements and liaising and negotiating with the various authorities.