Our work

• Cliffe Dekker Hofmeyr is representing NAMCOR, the Namibian-based national oil company.  Our South Africa-based projects & infrastructure team advised NAMCOR on the acquisition of oil producing assets in Angola from Sonangol Pesquisa E Produção.  This was achieved through the incorporation of a UK SPV, Sungara Energies (Sungara) which in turn entered into an agreement with Sonangol to purchase a 10 per cent participating interest in Block 15/06, 40 per cent participating interest in Block 23 (with operatorship), and 35 per cent participating interest in Block 27 (the Transaction).  Sungara is jointly owned by three partners: NAMCOR subsidiary, NAMCOR Exploration and Production, Petrolog Energies a company affiliated with African multinational Petrolog Group), and SPNV’s subsidiary Sequa Petroleum UK.  We assisted NAMCOR with all the negotiation of all transactional agreements, including but not limited to the Sonangol and the Sungara.  This transaction has been named as one of the Top Oil and Gas M&A Deals in Africa in 2022 by OGV Energy Magazine.  The fact that this leading public player in the oil sector turned to our team for counsel on these high-value agreements and highly complex oil & gas development projects which are of national importance to Namibia is a resounding endorsement of our technical strength and dominance in the Namibian upstream oil & gas market.  

Africa Corporate Guide

This guide covers common questions relating to the process of incorporating and setting up in various African jurisdictions.

Many of our clients are looking to expand their African footprint.

Therefore it is incumbent on us to understand the nuances, intricacies and ultimately the legal requirements of setting up in each of the countries in Africa. The purpose of this guide is to simplify the position in relation to incorporation and setting up in various African jurisdictions and to provide our clients with an overview of their obligations in relation to this.

Click here to read the Guide.