FFW lands Kazakh energy outfit’s North Sea stake

Field Fisher Waterhouse (FFW) has advised Kazakhstan’s JSC KazMunaiGas Exploration Production (KMG EP) on its acquisition of a 35 per cent stake in North Sea oil and gas fields from BG Group.

The deal, which is estimated to be worth between $25m (£16.2m) and $30m, represents KMG EP’s first non-Kazakhstan investment.

Corporate partner and energy chief Richard Temple led the team, supported by associate Nodir Sidikov. BG Group’s legal team, led by general counsel Helen Pearson, handled the matter in-house.

FFW last month advised KMG EP on its $1.7bn purchase of a 50 per cent stake in Mangistau Investments, which saw the company increase its Kazakhstan oil
production and reserves.

Alex Woodfield, head of the FFW’s CIS group, said: “Our CIS group knows the sector and the region well and we were pleased to assist KMG EP in ­negotiating and closing this deal to expand its operations beyond Kazakhstan.”