Latham & Watkins Advises INEOS Energy in Acquisition of US Gulf of Mexico Business

INEOS Energy has announced the acquisition of the US Gulf of Mexico business held by CNOOC Energy Holdings U.S.A. Inc., a US subsidiary of CNOOC International Limited. The acquisition includes a portfolio of non-operated upstream oil and gas assets and is expected to increase INEOS Energy’s production globally to over 90,000 barrels of oil per day. The transaction is subject to the receipt of regulatory approvals and satisfaction of other customary closing conditions.

Latham & Watkins LLP represents INEOS Energy in the transaction with an M&A team led by Justin T. Stolte, Simon Tysoe, Monika Kluziak, Cesar Leyva, and Jordan Armstrong. Advice was also provided by Damara Chambers, Jason Cruise, Tim Fenn, Jared Grimley, Robin Hulshizer, Joshua Marnitz, Patrick Nevins, Catherine Ozdogan, Janice Schneider, Peter Todaro, Krisa Benskin, Robert Brown, Kieran Dickinson, Ruchi Gill, Natalie McFarland, Ben Bouwman, Julie Lee Choi, Dominick Constantino, Elliot Hecht, Brian McCall, Jacqueline Zhang, and Joanna Zhao.