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Curtis Chairman George Kahale III Writes Article on the Mobil and Conoco Cases Against Venezuela
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News 12 Jun. 2009
NEW YORK, June 12, 2009 — International law firm Curtis, Mallet-Prevost, Colt & Mosle LLP represented KazMunayGas (KMG), the national oil company of Kazakhstan, in successful negotiations with ConocoPhillips and Mubadala Development Company PJSC for the joint exploration and development of an offshore block. The agreement, which was signed yesterday in Astana, calls for KMG to hold a 51% interest in the subsoil use contract and the remaining 49% to be divided between Conoco and Mubadala, which will each hold 24.5% stakes. A Kazakhstani entity, jointly owned by the three parties in proportion to their stakes, will operate the project.
Located in the Caspian Sea, the N Block project is considered the largest new project of its kind in Kazakhstan. The block covers approximately 8,100 square km and is located south-southwest of Aktau, Kazakhstan.
Curtis used an international team of attorneys from several of its offices. The Curtis team consisted of partners George Kahale III (New York), Eric Gilioli (New York), Peter Stewart (Dubai), Askar Moukhitdinov (Kazakhstan), Tom Mackay (London), and associates Askhad Koshkarbayev (Kazakhstan), Donald Macfarlane (London), Colby Jenkins (Paris), M. Adil Qureshi (Dubai) and Karen Brice (New York).
Commodities Regulation
Infrastructure Development
Eric L. Gilioli
Partner
George Kahale III
Chairman
Askar N. Moukhitdinov
Almaty
+7 727 311 1187
Astana
+7 7172 550 150
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