Global law firm Ashurst has advised JAPEX on the proposed sale of its UK subsidiary, which holds an interest in the UKCS Seagull field, to Ithaca Energy plc.
JAPEX holds a 15% interest in the Seagull field, located in the central UK North Sea, through its subsidiary JAPEX UK E&P Limited. The proposed sale will increase Ithaca Energy's working interest in Seagull from 35% to 50%.
The Ashurst team was led by partner Quentin Robinson, supported by a core team comprising senior associate Lester Lim Kok, associate William Morgan and trainee Jake Olszowski. Partner Nicholas Gardner advised on tax matters, supported by senior associate Shayaan Zaraq Bari and associate Luis De Freitas.
