Skip to main content

Clifford Chance

Clifford Chance
News and awards

News and awards

Clifford Chance advises on Karoon Energy's debut in Gulf of Mexico

December 26, 2023

Clifford Chance advises on Karoon Energy's debut in Gulf of Mexico

Clifford Chance has advised Australia's Karoon Energy on its ~US$760 million entry into the Gulf of Mexico via acquisition of interests in multiple oil and gas assets from LLOG Exploration and affiliates.

Karoon's purchase includes acquiring 30% interest in the Who Dat, and Dome Patrol, and 16% interest in Abilene oil and gas fields as well as varying interests in multiple adjacent exploration and appraisal opportunities.

Houston-based partner David Sweeney led the deal with assistance from associates Hailey Hennessey, Matthew Mouer and Thomas Shattuck.

The wider Clifford Chance team included Washington, DC-based partner Renee Latour, senior counsel David Evans, Hart-Scott-Rodino (HSR) attorney David Michnal, and associates Holly Bauer, Serena Seaman, and Elyssa Wenzel.

Sweeney said, "It was a privilege to help Karoon Energy debut in the Gulf of Mexico. This transaction exemplifies Clifford Chance's capabilities to offer complete advisory services to global players."