Oil and Gas
Dar Al Huqooq has successfully represented the Government of Fujairah in international proceedings against a major petroleum carrier. We claimed compensation amounting to USD 200,000,000 for a large oil spill and were successful in having the contaminated area cleaned and obtained satisfactory compensation for the environmental and material damages that occurred.
Dar Al Huqooq has assisted one of the Emirates of the UAE to put together the legal framework needed for commencing exploration and production activities, including negotiating and signing of Oil and Gas contracts and other ancillary agreements. Recently, Dar Al Huqooq commenced arbitration on behalf of one of the Emirates of the UAE against an International Oil Company. This culminated in an Award by Consent with the IOC agreeing to pay a sum of USD 6.8 million.
We have provided and continue to provide legal services to international and regional companies looking for oil and gas investment opportunities in the Kurdistan area of Iraq through joint-ventures and assisting with Oil and Gas contracts negotiations and drafting.
With the emergence of the Levantine Basin as a major hydrocarbon province, the East Mediterranean has become a major focus area for companies seeking new business opportunities.
Lebanon's first offshore bidding round has generated significant interest from International oil and gas companies and signals unique investment opportunities in the Lebanese oil and gas sector. Through our affiliate law office in Beirut, Dar Al Huqooq is perfectly placed to offer due diligence, negotiating, counselling and drafting services to government bodies and private businesses for entry into production sharing agreements.
Dar Al Huqooq conducts due diligence and offers legal consultation about entry into this sector in compliance with the new Offshore Petroleum Resources Law (132/2010) of Lebanon and relevant Petroleum Activities Regulations.