Baker McKenzie advised Repsol S.A. in connection with establishment of an upstream joint venture with Gazprom Neft. The joint venture company, Eurotek Yugra, owned 75% by Repsol and 25% by Gazprom Neft, owns seven exploratory blocks in West Siberia, a relatively underexplored area of Russia with significant potential. Gazprom Neft has an option to increase its stake in Eurotek Yugra to 50%.
The Baker McKenzie team was led by Moscow partner Sergey Krokhalev with key input from Alexey Frolov, Alexander Bychkov, Alex Chmelev, Vladimir Khvalei, Leng Sun Chan, Igor Kungurov, Natalya Starostenko, Kirill Vikulov, Marina Tokunova, Kirill Svetlov and Min-tze Lean.
Repsol S.A. is an integrated energy company with operations in 37 countries, distributing and selling products across 90 countries.