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CMS Advises Central European Petroleum on Wolin East Project

Poland
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CMS has advised Central European Petroleum on the development of the Wolin East project, following CEP’s announcement of a discovery of oil and gas reserves in the Wolin East 1 well, located on Polish territory in the Baltic Sea.

According to CMS, the project includes both onshore and offshore exploration in areas that are highly sensitive from environmental, military, and navigational perspectives.

The firm added that the discovery includes an estimated 22 million tons of recoverable crude oil and condensate and 5 billion cubic meters of commercial gas, with the broader Wolin licence area estimated to hold up to 33 million tons of oil and 27 billion cubic meters of gas.

The CMS team included Partners Tomasz Minkiewicz and Lukasz Szatkowski, Counsels Wojciech Szopinski and Piotr Nowicki, Senior Associates Pawel Ura and Maciej Brezden, and Associate Karolina Kosinska.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.