Gide Cuatrecasas Casablanca has advised SDX Energy on the acquisition of Circle Oil’s assets in Morocco. Circle Oil held certain gas operating concessions located in the Gharb basin (Morocco).
This acquisition will enable oil & gas company SDX Energy, previously active only in Egypt, to increase its portfolio of production assets and its reserves at a regional level.
SDX Energy was advised by Gide Cuatrecasas Casablanca, with a team comprising partner Wacef Bentaibi, and associates Loris Marghieri and Ghita Bourquouquou.
“This operation is a perfect illustration of the attractiveness of Morocco for international oil and gas companies, and boosts gas activities in the Gharb region. Our firm is regularly involved in oil and gas operations in Morocco and the wider MENA region”, comments Wacef Bentaibi.