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by Legal Desire
23 November 2022

Latham & Watkins Advises Lime Rock in Formation of Joint Venture, Purchase of Deepwater Drillship

Joint Venture Energy Announced

Advising firms

Deal team

10 lawyers named
LawyerFirmSeniorityPracticeOffice
Bruce Herzog Lead Latham & Watkins LLP Partner corporate Houston
James Garrett Lead Latham & Watkins LLP Partner corporate Houston
Justin Thekkekara Latham & Watkins LLP Associate corporate Houston
Cecilia Turchetti Latham & Watkins LLP Associate corporate Houston
Kevin Donovan Latham & Watkins LLP Associate corporate Houston
Jonathan Castelan Latham & Watkins LLP Partner project document matters Houston
Michael King Latham & Watkins LLP Partner project document matters Houston
Jim Cole Latham & Watkins LLP Partner tax matters Houston
J. Dylan White Latham & Watkins LLP Associate tax matters Houston
Om Pandya Latham & Watkins LLP Associate capital markets matters Not stated

Stated terms

Stated value
USD 200m (approximately US$200 million)
What the figure measures
Total transaction value
Client
Lime Rock Management L.P.Joint venture party
Counterparties
Transocean Ltd. (Joint venture party)
Perestroika A.S. (Joint venture party)
Daewoo Shipbuilding & Marine Engineering Co., Ltd. (Sell-side)