© 2013 The Texas Lawbook.
By Natalie Posgate
Staff Writer for The Texas Lawbook
(November 15) – Houston-based Apache Corporation closed the deal Thursday on its sale of one-third of its Egyptian oil and gas business to Sinopec International Petroleum Exploration and Production Corporation for $2.95 billion.
The deal, announced in August, is the first step in Apache’s new global strategic partnership to pursue joint upstream oil and gas projects.
Weil, Gotshal & Manges represented Apache in the transaction, with Dallas managing partner Glenn West as the lead attorney. Dallas associate Ryan Gorsche also worked on the corporate side, as well as Bejing partner Steven Xiang, Shanghai partner Suat Eng Seah and Bejing counsel Wenfeng Li.
Partner Jared Rusman and associate Mark Dundon, both based in Dallas, worked on the tax matters involved with the transaction.
China-based Vinson & Elkins attorneys represented Sinopec in the transaction, including partners David Blumental, Rob Patterson and Xiao Yong, who is head of the firm’s China practice.
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