We have been retained by Anadarko to provide legal and tax advice on a regular basis in connection with its recent entrance into the Peruvian upstream (they were awarded this year with 3 off-shore northern blocks). We helped them to understand the hydrocarbons business climate and the local industry practices, the mechanics of the Peruvian Model License Contract, the applicable taxing, accounting and regulatory obligations.
It is important to note that Anadarko is also client of other offices of Baker & McKenzie (e.g. Canada)
The Peruvian government expects that Andarko's entrance will help to reactivate oil activities and production in the near future.
Matter value: Investment by Anadarko is expected to surpass US$200,000,000.