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Leading global law firm Herbert Smith Freehills Kramer ("HSF Kramer") has advised Etablissements Maurel & Prom S.A. ("Maurel & Prom") on its joint acquisition with Afentra plc of Etu Energias S.A.'s ("Etu") 10% upstream oil interest in Block 3/05 and 13.33% upstream oil interest in Block 3/05A in Angola (the "Acquisition"). Maurel & Prom has signed a Sale and Purchase Agreement with Etu for its 50% share of the Acquisition which is subject to customary closing conditions including approval from Angolan authorities.
Blocks 3/05 and 3/05A are located in the Lower Congo Basin offshore Angola and are both operated by Sonangol Exploração e Produção, S.A. Further information on the acquisition is set out here: https://live.euronext.com/en/products/equities/company-news/2025-06-19-maurel-prom-sa-signing-spa-acquire-additional-interests
The HSF Kramer team was led by partner Rebecca Major and associates Ayah Al-Sharari and Nelly Chow.
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