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Crawford Legal assists Farley Riggs in Japanese methane hydrate project

Monday March 18, 2013

Crawford Legal has advised Farley Riggs on its involvement with a world first exploration project run by Japanese state-owned oil and gas company JOGMEC. The transaction involved Farley Riggs supplying specialised well-testing equipment in respect of extracting methane hydrate deposits 300 metres below the sea bed off Japan. The deal involved complex risk, jurisdictional and ‘back to back’ issues arising from the number of participants involved in the project. JOGMEC’s report that the project was the world’s first to successfully extract natural gas from frozen methane hydrate made news headlines worldwide.