You are here

Herbert Smith Freehills Paris and Tokyo has advised AJOCO on its sale of two producing oil & gas blocks, offshore Angola

02 August 2019 | Paris, Tokyo
Deals and cases


AJOCO, a holding company owned 65.7% by Mitsubishi Corporation, has completed the sale of its 20% interest in Blocks 3/05 and 3/05A, offshore Angola, to a subsidiary of Etablissements Maurel & Prom, listed on the Paris Euronext. The shallow-water (c. 100m depth) blocks have been producing since the mid-1980s and the consideration for the sale was $80 million (subject to completion adjustments).

Herbert Smith Freehills advised AJOCO with a team led in Paris by Rebecca Major, assisted by Sharif Abousaada, Firas Albani, Mika Morissette and Matthias Steiner, as well as Lewis McDonald and Eliza Eaton in Tokyo.

See how we help our clients in

Oil and Gas

Learn More

Media Contact

For further information on this news article, please contact:

Nathalie Tekadiomona, Communications and Marketing Lead - Paris

+33 1 53 57 76 66