News & Insights

Cases & Deals

February 12, 2016

King & Spalding Advises a Ramba Energy Subsidiary on Two Upstream M&A Deals

SINGAPORE, Feb. 12, 2016 — King & Spalding has advised Ramba Energy subsidiary PT Hexindo Gemilang Jaya on the completion of the sale and transfer of a 35% interest in the Lemang Production Sharing Contract (PSC) located onshore in Sumatra, Indonesia to KKR-backed Mandala Energy.

The King & Spalding team also advised on  a secondment agreement, through which Mandala's team will bring its complementary technical experience and capabilities to work actively alongside the Ramba team, and amendments to the Joint Operating Agreement.

The firm also advised Hexindo on  the simultaneous closing of its acquisition of a 15% interest in the Lemang PSC from Eastwin Global Investments Limited.

“We are very pleased that these transactions have been brought to a successful conclusion despite the challenges posed by the low oil price. The closing of two transactions is  further testament to the resilience of the region and we wish all the parties every success with their efforts developing the Lemang block,” said Merrick White, a partner in King & Spalding’s Singapore office.

The King & Spalding team that advised on the two transactions also included partner Richard Nelson, senior associate Sylvia Taslim and associates Nick Kouvaritakis and Kristian Whitaker in Singapore.

About King & Spalding
Celebrating more than 130 years of service, King & Spalding is an international law firm that represents a broad array of clients, including half of the Fortune Global 100, with 900 lawyers in 18 offices in the United States, Europe, the Middle East and Asia. The firm has handled matters in over 160 countries on six continents and is consistently recognized for the results it obtains, uncompromising commitment to quality, and dedication to understanding the business and culture of its clients. More information is available at