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CMS, Herbert Smith, and Schoenherr Advise on Shell Offshore Block Transfer to Woodside in Bulgaria

CMS, Herbert Smith, and Schoenherr Advise on Shell Offshore Block Transfer to Woodside in Bulgaria

Bulgaria
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CMS has advised Shell International Exploration and Development Italia on the transfer of 30% of its exploration rights on Bulgarian offshore Block 1-14 Khan Kubrat to the local branch of Australia's Woodside Energy Limited. Herbert Smith and Schoenherr advised Woodside on the deal.

In the end of December 2018, the Bulgarian Government approved partial license transfer from Shell and Development Italia to Woodside. According to CMS, the deal represents the largest farm-in transaction in Bulgaria. It is expected to close in the first quarter of 2019. 

The CMS team was led by the Partner Kostadin Sirleshtov and included Senior Lawyer Denitsa Dudevska. 

Schoenherr’s team was led by Partner Stefana Tsekova and included Associate Dimitar Kairakov.

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm in Central and Eastern Europe. With 13 offices located in Belgrade, Bratislava, Brussels, Budapest, Bucharest, Chisinau, Istanbul, Ljubljana, Prague, Sofia, Vienna, Warsaw and Zagreb, as well as country desks for Albania, Bosnia-Herzegovina, Macedonia, Montenegro and Ukraine, Schoenherr provides its clients with comprehensive coverage of the CEE/SEE region. More than 300 legal professionals work across borders in both a centralized and de-centralized manner, according to the individual client’s needs and requirements. Quality, flexibility, innovation and practice-oriented solutions for complex assignments in the field of business law are at the core of the Schoenherr philosophy.

Firm's website can be found, here.

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