Akin Gump Advises Golar LNG Partners Conflicts Committee in Hilli Episeyo Acquisition
(Houston) – Golar LNG Partners LP has announced it has entered into a purchase and sale agreement for the acquisition from Golar LNG Limited and affiliates of Keppel Shipyard Limited and Black and Veatch of equity interests in Golar Hilli LLC, which will, on the closing date of the acquisition, indirectly own the FLNG, Hilli Episeyo. The acquired interests represent the equivalent of 50 percent of the two liquefaction trains, out of a total of four, that have been contracted to Perenco Cameroon SA and Societe Nationale Des Hydrocarbures for an eight-year term. Akin Gump advised Golar LNG Partners’ conflicts committee in the transaction.
The purchase price for the acquired interests is $658 million less net lease obligations under the financing facility for the Hilli that are expected to be between $468 and $480 million.
John Goodgame, an oil and gas partner at Akin Gump, led the team representing the conflicts committee. He was joined by oil and gas counsel Cynthia Mabry and associate Chase Armbrust and by tax partner Alison Chen.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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