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OIL AND GAS
A.
ADVISING INTERNATIONAL OIL AND GAS COMPANIES
We advise on exploration and production sharing,
joint operation, concession, oil and gas transportation, gas station
network operation and development, crude delivery agreements, tariff,
tax, and other regulatory issues. We negotiated on behalf of
foreign investors the deregulation of the price of “newly”
produced domestic gas. We advised on the privatization of state-owned
logging and perforation services, and petroleum companies, drafted
Petroleum Law, amending legislation, and obtained Opinion Letters
issued by Romanian government agencies on issues of interest to foreign
investors.
We advised:
- Gazprom
Marketing & Trading re gas supply and gas transmission
matters;
- Merrill Lynch
Commodities (Europe) re quarterly surveys of the gas
trading regulatory framework;
- PetroSantander
re permitting, attestation by the National
Agency for Mineral Resources, and authorization by the National
Regulatory Authority for Energy in relation to a Production Enhancement
Services Agreement;
- Sterling
Resources with regard to concession of two offshore blocks
in the Economic Exclusive Zone of Black Sea, and related business and
regulatory mattersl;
- Aurelian Oil
& Gas with regard to the construction and operation of
gas pipelines which link the gas wells to the national gas pipeline
network;
- Forest Oil re
taxation of Romanian operations, winding down the
Romanian branch, 2006 – 2007;
- Founders and advisor of the Petroleum Exploration and Production
Operators’ Association;
- Amromco Energy
(USA) re gas enhancement recovery and rehabilitation of
several gas fields, and construction and operation of gas pipelines
which link the gas wells to the national gas pipeline network 2002 to
present;
- Notification of the merger of Chevron and Texaco to the Romanian
Competition Council;
- Glencore
re crude delivery agreements;
- Shell
re negotiation of an aviation fuel JV, 2000;
- Notification of the merger of Exxon and Mobil Business Resources
to the Romanian Competition Council in 1999;
- Piraeus Bank
on behalf of Middle East investors re privatization of
state-owned Petrom SA;
- Amoco
re a gas enhancement recovery project;
- Amoco
Petroleum Products re building of a gasoline distribution
network in Romania;
- Repsol
Exploracion re purchase of Libyan oilfields from Rompetrol;
- Chevron
re joint venture with Arpechim Pitesti;
- ARCO re
a petroleum exploration and production sharing agreement;
- Canadian Oxy
re a petroleum exploration and production sharing agreement;
- Amoco
re a petroleum exploration and production sharing
agreement;
- Marathon Oil
re participation attender for exploration and production blocks;
- Exxon
re participation to a tender for exploration and
production blocks.
B. DRAFTING
AND LOBBYING FOR ISSUANCE OF ENABLING LEGISLATION
- Advising the Petroleum
Exploration and Production Operators’ Association with
regard to the draft of the 2006 Petroleum Law.
- Drafting and lobying on behalf of the Petroleum Exploration and Production
Operators’ Association for the amendment of the Public
Procurement Ordinance no. 60 of 2001.
- Drafting and lobbying on behalf of Amromco re issuance of
Order No. 49 of 2003, concerning the pricing of the “new
gas” produced in Romania from newly discovered fields or
following the rehabilitation of the existing fields by the Ministry of
Industry and Resources for the issuance. This new natural gas pricing
regulation was regarded as a major step towards liberalization of the
natural gas market in Romania.
- Drafting and lobbying on behalf of Amoco re Petroleum Law
No. 134 of 1995. We lobbied for provisions in line with the
internationally recognized standards in the oil and gas industry.
- Drafting and lobbying in 1992, in relation with
the issuance of the first Opinion Letters by the Ministry of Finance in
post-communist Romania, with regard to the tax issues related to the
exploration and production sharing agreements with Amoco and ARCO.
- Drafting and lobbying on behalf of Amoco
re issuance of Law No. 66 of 1992 Concerning
Special Incentives Granted to Foreign Investors Investing in Oil And
Gas Exploration and Production in Romania. The issuance of this law
made possible the signing in 1992 of the first three petroleum
exploration and production sharing agreements between the Romanian
Government and, respectively, Amoco, Shell and a consortium
including Enterprise Oil and Canadian Oxy.
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