London Oil & Gas Brochure

LONDON OIL & GAS PRACTICE

WE KNOW ENERGY®

ENTIRELY ENERGY Bracewell LLP is a leading law and government relations firm serving the oil and gas, power, financial services, technology and public finance industries throughout the world. Our industry focus enables us to maintain cutting-edge experience and in-depth knowledge of the commercial, legal and regulatory challenges faced by our clients so that we can provide the most effective legal solutions to facilitate transactions and resolve disputes. The London office of Bracewell is exclusively dedicated to the energy sector. Our team is comprised of leading energy lawyers, and we have developed an offering which we believe is unique and beneficial to our clients. We focus on mergers and acquisitions, joint ventures, finance, project development and construction. Our team has acted on a number of the largest energy projects and M&A transactions across the globe.

We are delighted that the efforts of our London office have been recognised by a number of leading awards, including The Legal 500 U.K., Petroleum Economist Awards and The African Legal Awards .

WINNER ENERGY& NATURAL RESOURCES TEAM OFTHEYEAR

2017 FIRM (SPECIALISM) OF THE YEAR: PROJECTS, ENERGY AND NATURAL RESOURCES – OIL AND GAS

2015 LEGAL SERVICES PROVIDER OF THE YEAR

2014 ENERGY AND NATURAL RESOURCES TEAM OF THE YEAR

Our London-Based Energy Practice Our oil and gas team advises across the oil and gas value chain, from wellhead to market. We work with our clients on upstream exploration and production, financings, trading and commercialisation, transportation and storage, LNG liquefaction and regasification, marketing, and petrochemical and refining projects. We have experience acting for super majors, large independents, mid-caps and start-ups, governments, trading houses, equity investors and banks. This breadth of client base means that we understand the commercial drivers of our clients, their partners and counterparties, as well as the key issues and trends facing the industry. The Bracewell London team has a unique depth of experience of the RBL financing market and has advised on RBL financings spanning a period of some 30 years.

CONTENTS

Oil and Gas: Corporate and Project Development

Oil and Gas: Finance

1

Our recent credentials include advising:

OIL AND GAS: CORPORATE AND PROJECT DEVELOPMENT

APACHE on its agreement to transfer its operated interest in the SAGE and the Beryl pipeline system in the North Sea and associated gas processing terminal in Scotland to Ancala Partners, the sale of its entire business in Argentina to YPF S.A. for US$800 million and on the sale of its interests in the Scott and Telford oil fields in the UK North Sea to Edison ENI on its US$1.125 billion sale of 30% of Egypt’s super-giant Zohr gas field to Rosneft and on its separate US$375 million sale of 10% of Zohr to BP OPHIR ENERGY on its ongoing development, in a joint venture with Schlumberger and Golar, of the US$2 billion Fortuna floating LNG project in Equatorial Guinea GENEL ENERGY on its development and commercialisation of the Miran and Bina Bawi gas field in Kurdistan EOG RESOURCES in relation to the expansion and development of its upstream oil and gas business in Trinidad, including the acquisition of upstream assets from BP BG GROUP on its new country entry and farm-in with Shell into upstream oil and gas assets in Colombia, its acquisition of a 78% interest and new country entry farm-in into blocks IV and V in central Mongolia from Petro Matad and in relation to its assets in Brazil MAUREL & PROM on its gas commercialisation projects at Mnazi Bay and Mkuranga in Tanzania IMPACT OIL & GAS on the takeover of Black Star Petroleum, its farm-in to Namibia, acquisition of 3 blocks in Gabon and the acquisition of its AGC Profond Block and subsequent agreement to farm-down with Woodside RHINO RESOURCES on the continued expansion of its pan-African exploration portfolio SONATRACH in relation to Phases 1 and 2 of the Isle of Grain LNG terminal SAN LEON ENERGY on a London Stock Exchange (AIM) placing and shale play farm-out and joint venture in Poland PSC NEGOTIATIONS in each of Gabon, Senegal/Guinea Bissau AGC, Comoros Islands and Madagascar 2 3 4 5

2

OIL AND GAS: FINANCE We regularly advise on the full range of reserve-based financing products from single field project financings through to multi-field borrowing base facilities. We have also been involved, and in many cases instrumental, in the development of more unconventional debt products for the upstream sector including contingent resource backed facilities such as pre- development sanction facilities.

Outside of the pure “reserve-based” area we advise on the full range of other debt products seen in the upstream sector including pre-export financings, prepayment financings and corporate debt facilities for E&P companies.

Our recent credentials include advising:

DELEK DRILLING AND AVNER OIL EXPLORATION on a $1.75 billion financing for the development of the Leviathan gas field, offshore Israel STERLING RESOURCES on its financial restructuring by way of a debt for equity swap PETROCELTIC on its financial restructuring with its lenders THE LENDERS to Siccar Point Energy on its borrowing base facility to part fund the acquisition of OMV’s North Sea oil and gas business BNP PARIBAS, ING BANK AND DNB BANK on a US$150 million Borrowing Base Facility as part of the merger of Core Energy, Point Resources and Spike Exploration CARACAL ENERGY on a US$250 million reserve-based secured facility for the development of its Chad assets (the first reserve-based lending in Chad) (Awarded Middle East and Africa Deal of the Year 2014 by Trade Finance Magazine ) ING BANK N.V. and a syndicate of five lenders on a US$340 million borrowing base facility for Oranje-Nassau Energie, based on oil and gas assets in the U.K., Netherlands and Gabon MAUREL & PROM on an up to US$650 million revolving credit facility arranged by BNP Paribas, Crédit Agricole Corporate and Investment Bank, Natixis and Standard Chartered Bank HSBC BANK on a US$100 million secured revolving credit facility for KrisEnergy, an independent upstream E&P company with a focus on Southeast Asia SEPLAT PETROLEUM on its US$1.7 billion term and revolving facilities comprising of a reserve-based financing with Nigerian banks and a corporate facility with international banks, each secured against Nigerian oil and gas assets ELAND OIL & GAS PLC on an up to US$75 million reserve based facility arranged by Standard Chartered Bank for the financing of its ongoing development with its assets onshore Nigeria PETROGAS INTERNATIONAL E&P COӦPERATIEF U.A on a US$150 million secured borrowing base facility arranged by ING Bank N.V relating to Petrogas’ acquisition of certain assets located in the Netherlands THE BANK OF NOVA SCOTIA as arranger of a US$175 million reserve-based lending facility provided by The Bank of Nova Scotia, HSBC Bank USA, National Association and Société Générale to Amerisur Resources plc

SOCIETE GENERALE, CREDIT AGRICOLE AND COMMONWEALTH BANK OF AUSTRALIA as Mandated Lead Arrangers on an up to US$650 million Borrowing Base Facility to Cobalt Energy

3

MEET THE TEAM

OLIVIA CADDY PARTNER olivia.caddy@bracewelllaw.com T: +44.(0).20.7448.4207

JASON FOX SENIOR PARTNER jason.fox@bracewelllaw.com T: +44.(0).207.448.4206

BEN JAMES PARTNER ben.james@bracewelllaw.com T: +44.(0).207.448.4208

TRACY LONDON PARTNER tracy.london@bracewelllaw.com T: +44.(0).207.448.4211

JULIAN NICHOL MANAGING PARTNER, LONDON julian.nichol@bracewelllaw.com T: +44.(0).207.448.4204

DARREN SPALDING PARTNER darren.spalding@bracewelllaw.com T: +44.(0).207.448.4209

MARTIN STEWART-SMITH PARTNER martin.stewart-smith@bracewelllaw.com T: +44.(0).207.448.4210

ALASTAIR YOUNG PARTNER alastair.young@bracewelllaw.com T: +44.(0).207.448.4205

4

Texas New York Washington, D.C. Connecticut Seattle Dubai London

Tower 42 25 Old Broad Street London, England EC2N 1HQ

bracewelllaw.com/london

WE KNOW ENERGY®

Made with FlippingBook Online newsletter