Oil & Gas

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In addition to a high level of regulatory rigorousness and multiple legal challenges, the expertise of a dynamic and well-prepared team with extensive Oil & Gas experience is critical in managing change and securing success.

CMS Grau’s Oil & Gas practice is well-prepared to apply specialised industry knowledge, with a genuine ability to understand and address the full range of commercial and regulatory concerns given the profound knowledge of the industry, mirrored in our team’s in-depth acquaintance with Peruvian Oil & Gas regulations, covering upstream, midstream and downstream. Our expertise spans the negotiation and execution of license contracts for oil & gas onshore and/or offshore exploration and production, execution of major subcontracts, access to funding of assets, production and processing matters, arrangements for pipeline and refinery construction projects, joint ventures, disputes, M&A and capital markets, land rights, environmental, public law, tax and labour oil & gas related matters.

Our most recent experience related to oil and gas includes: 

  • Enagás Internacional S.L.U.: Legal advice on the recovery of its investments in Gasoducto Sur Peruano (GSP).
  • Tullow Oil PLC / Tullow Peru Limited, Sucursal del Perú: Advice on the termination of four (4) oil exploration licenses offshore Peru of blocks Z-38, Z-64, Z-67 and Z-68.
  • Petróleos del Perú – PETROPERÚ S.A.: Legal advice on the negotiation with Perupetro S.A. with regard to the onshore exploitation contract of Block 192, Peru’s leading oil-producing block.
  • Compañía Operadora de Gas – COGA: We assisted COGA in terminating a major agreement executed with Techint S.A.C. for pipeline maintenance and response to operational emergencies.
  • Shell GNL: Assistance to Shell GNL in the defence of the applicable legal framework to trade LNG in Peru due to recently created minimum inventory obligations, including the preparation of the strategy vis-à-vis the regulator, the Ministry of Energy and Mines and major LNG clients.

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15/12/2023
Oil & Gas Disputes Survey 2023
Our Oil and Gas Disputes Survey 2023 has highlighted that regulator activity, environmental issues and global economic and political challenges are seen by those in the oil & gas industry to be driving...
13/12/2023
Oil & Gas: Drafting for parallel disputes under a PSC, JOA and settlement...
In RSM Production Corporation v Gaz du Cameroun SA [2023] EWHC 2820 (Comm), the English High Court considered the relationship between arbitration clauses in a production sharing contract (or participation...
27/10/2023
In overturning USD 11 billion award for fraud, High Court invites discussion...
On 23 October, in The Federal Republic of Nigeria v Process & Industrial Developments Ltd. [2023] EWHC 2638 (Comm), Mr Justice Robin Knowles found that an arbitration award for USD 11 billion had been...
25/05/2023
North Sea Strikes and Force Majeure
The latest in a series of strikes by oil & gas workers in the North Sea continues to test the operation and efficacy of force majeure (“FM”) provisions in oil and gas industry contracts.There is no...
09/05/2023
Oil & Gas and Geothermal: like steam, the oil & gas industry could rise...
With a significant number of industry conferences targeting geothermal being held around the world this year, the oil & gas industry is starting to recognise the potential of geothermal as an energy source...
10/03/2023
Energy / Shipping – Effect of Anti-assignment Clauses and Transfers to...
The recent decision of the Commercial Court in Dassault Aviation SA v Mitsui Sumitomo Insurance Co Ltd [2022] EWHC 3287 (Comm) concerned a contractual prohibition against assignment and whether this applied...
09/03/2023
CMS Expert Guide to ESG Compensation
Incorporating ESG KPIs into directors’ remunerationThe urgent need to place sustainability at the heart of company strategy is inextricably linked to incentives provided to its directors and em­ploy­ees. This...
28/02/2023
New EU sanctions against Russia
On 25 February 2023, one year after Russia started its invasion of Ukraine, the EU adopted its tenth sanctions package against Russia. Together with the existing sanctions the European Commission considers...
03/02/2023
On your radar | Issue 20 | Key employment issues to be aware of internationally
Welcome to the first edition of On your radar for 2023, which highlights expected employment law developments over the year ahead.Changes range from big picture concepts around future ways of working...
10/01/2023
Is the extension of IGV and IPM recovery in the hydrocarbon exploration...
An important news for the hydrocarbons sector is the extension until 31 December 2027 of the right of oil companies to a refund of the IGV and IPM corresponding to all imports or acquisitions of goods...
23/11/2022
CMS Grau strengthens Energy & Climate Change practice with partner Eduardo...
The law firm CMS Grau announced Eduardo Guevara Dodds as a partner of the Energy & Climate Change practice area. Eduardo has an outstanding professional background and experience, mainly in the energy...
08/09/2022
Managing Supply Chain Risk - An update on legal and strategic requirements...
In June 2021, BCG and CMS published a White Paper entitled “Managing Supply Chain Risk – A legal and strategic perspective”. In view of the rising number of laws obligating companies to prevent...