Press Release

Morgan Lewis Advises Maersk on $2.4 Billion Acquisition of Brazilian Oil Assets

December 23, 2010

HOUSTON, December 23, 2010: The fully owned subsidiary of A.P. Møller - Mærsk A/S, Mærsk Olie og Gas A/S ("Maersk Oil"), has agreed with SK Energy Co., Ltd. to acquire SK do Brasil Ltda. for USD 2.4 billion on a cash and debt-free basis. Morgan Lewis advised Maersk on the transaction.

The Morgan Lewis team on the deal included partners David Asmus and William Parish, Jr., assisted by associate Priscila McCalley; also representing Maersk were Alexandre Bittencourt Calmon and Robson Goulart Barreto of Veirano Advogados in Rio de Janeiro.

For additional details on the transaction, please see Maersk's press release.