VassPetro is ideally placed to assist you (whether buyer or seller) on all legal and contractual aspects of the acquisition (or divestment) of interests in petroleum licences whether this be by way of the asset sale and purchase, corporate sale and purchase or farmout. Leveraging our deep industry knowledge and decades-long worldwide experience, we can help you to carry out legal due diligence, and draft and negotiate pre-deal documents such as heads of terms and the transaction documents themselves. VassPetro also advises oil companies or their financiers on oil and gas financing structures which support transactions, such as forward sales of hydrocarbons, royalties, equity investments or loan finance.
In addition to an impressive record of onshore and offshore UK oil and gas deals, we have advised on upstream deals in Azerbaijan, Argentina, Australia (Queensland), Benin, Brazil, Egypt, Gambia, Germany, India, Indonesia, Iraq (Kurdistan), Italy, Ivory Coast, Liberia, Malaysia, Morocco, Namibia, New Guinea, Nigeria, Peru, Poland, Senegal/Guinea-Bissau JDC, Sri Lanka, Tanzania, Thailand, Tunisia, Uganda, and Venezuela.
“This year  Uisdean has advised us on three separate onshore UK oil and gas deals. The first was the divestment of our interest in West Newton field (PEDL 183) to Reabold Resources plc and the second was the divestment of our interest in Wressle field (PEDLs 180 &182) to Union Jack Oil plc. The third was the divestment of part of our own interest in Biscathorpe field (PEDL 253) to Union Jack plc. All three deals, including drafting and negotiation of transaction documentation, were quickly and efficiently handled by Uisdean. Wressle, in particular, barely took ten days from agreement in principle to execution of the asset sale and purchase agreement. Uisdean has been highly responsive and we are happy to commend his work”Frazer Lang, CEO, Humber Oil & Gas Limited
“Caithness Petroleum has used Uisdean Vass for oil and gas legal support for nearly ten years. In that time, we have done the following types of projects: concluding a Farmout for an oilfield in Egypt and agreeing on the terms of a waterflood project, raising debt finance for Caithness Petroleum, negotiating a legal settlement on favourable terms of a UKCS Farmout dispute leading to North Sea asset transfers, litigation with a major drilling company, the divestment of our UKCS operating company to IGAS, and the divestment of our Moroccan operating company to Gulfsands. We are now looking at new international deals. Whether our projects were UK-based or international, Uisdean did a splendid job. He combines legal excellence with a deep understanding of the oil and gas business. He is a pleasure to work with and is very accessible.”Robert Kennedy, CEO Caithness Energy Limited