2605

TEFFI Law Firm has successfully implemented the Client’s project on Oil & Gas production with a total value of over USD 10 million Back

The professional team of TEFFI Law Firm has successfully implemented the Client’s project on Oil & Gas production with a total value of over USD 10 million.

The private mining company engaged TEFFI Law Firm as a legal counsel for entering into the Joint Operating Agreement with a state-owned company-licensee.

TEFFI Law Firm was given a difficult task to develop and coordinate with the licensee terms and conditions of joint operation with transparent and a clear mechanism for managing joint operation. Additionally, joint activity agreement should enable the Client who is an investor and at the same time acts as an operator of joint activity to protect own investments while keeping balance of interests of all participants to the joint activity.

Due to available expertise and professional approach of the TEFFI Law Firm team, the Joint Operating Agreement was entered on conditions acceptable to all parties to the agreement in record time – within one month from the moment the project began.

As a result, the project was implemented within the set deadlines, the Client is satisfied with the result, and the domestic extractive industry received a new promising investment project.

The project team included Serhii Korniienko, Partner, and Andriy Ilyuk, Counsel.