Bracewell Advises Savannah Energy on Transaction to Acquire South Sudan Blocks for up to $1.25 Billion

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Bracewell (UK) LLP advised Savannah Energy PLC on a transaction to acquire PETRONAS’ entire oil and gas business in South Sudan through the acquisition of Petronas Carigali Nile Limited, for a total cash consideration of up to $1.25 billion. Completion of the transaction is conditional upon the satisfaction of certain conditions precedent including, inter alia, approval of the Government of the Republic of South Sudan.