Consultant Lays Claim To $47M From BP Asset Purchase

Law360, Houston (July 30, 2013, 7:35 PM EDT) -- United Energy Group Ltd. was hit with a suit in Texas state court Tuesday by a Houston company that says it is owed $46.5 million for consulting services it provided in connection with the purchase of South Asia oil and gas assets from BP PLC.

International Energy Ventures Management LLC says Hong Kong-based UEG is refusing to pay a promised 6 percent commission for providing technical evaluations and sourcing financing for a $775 million acquisition of BP’s Pakistan-based exploration and production assets in 2010.

Representatives for...
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