Carey Olsen's corporate team in Guernsey has advised Blue Water Energy (BWE) on its investment in new Norwegian oil firm Mime Petroleum.
Partnering with Blackstone Energy Partners, the combined investment by BWE and Blackstone for Mime Petroleum is for an initial sum of up to $1bn.
Mime Petroleum, an independent development and production company, was established by BWE and Sverre Skogen, now Chairman and CEO of Mime. It focuses on acquiring assets available on the Norwegian continental shelf and pursuing production optimisation, developments and near-field exploration opportunities.
Carey Olsen Partner Andrew Boyce led the team advising BWE on the Guernsey legal and regulatory aspects of its investment into Mime Petroleum, supported by Senior Associate Ruth Abernethy.