Facing difficult market conditions and significant levels of uncertainty, companies in the oil & gas sector need to rethink strategy, optimise efficiencies across the value chain and strengthen balance sheets whilst continuing to navigate complex regulatory environments, geopolitical risk, disputes and market disruption.
While the upstream climate remains challenging, increased investment in downstream activities across the globe is presenting global industry players and governments with new growth opportunities.
We help investors, oil & gas companies, operators, offtakers, utilities/buyers and governments to minimise the impact of a lower for longer price environment and maximise opportunities the current climate presents. Bringing true sector specialism, we provide first-of-kind advice across the full oil & gas value chain.
From plans for gas-to-power in markets such as South Africa and Myanmar, to the construction of LNG receiving terminals in emerging markets and the subsequent emergence of a secondary LNG market, to asset divestments and opportunistic M&A, our team is at the whiteboard with our clients developing new strategies to continue to grow and deliver value to stakeholders.
Poly-GCL Petroleum Group Holding Limited
Advising on all aspects of the development of its US$4 billion Ethiopia-Djibouti gas to LNG mega project
A group of 23 lenders
Advising a group of 23 lenders on Lundin Petroleum's up to US$5 billion seven year reserve-based lending facility, the largest ever reserve-based loan. The facility has an initial committed amount of US$4.3 billion and includes an accordion feature that allows existing and new lenders to provide additional commitments of up to US$700 million.
Advising on its acquisition of a further interest in the US$12 billion West Nile Delta gas field offshore Egypt
Advising on the sale of 100 percent of its shares in its UK and Norwegian E&P subsidiaries to Premier Oil. The acquisition was covenant accretive for Premier. As a result of the transaction, E.ON will also release provisions for decommissioning obligations as well as realising value for other adjustments. Deal value of US$ 1.6 billion (English counsel)
Advising the leading energy and commodities company with a turnover of US$307 billion, on its US$7 billion oil and gas project in Ghana with ENI and the project financing of its interest. The development of the pure gas fields contained in the project has been described by the World Bank as a ‘top priority’ for Ghana, as it will underpin the growth of a domestic thermal power sector and accelerate Ghana’s industrial development
Advising on all aspects of its 10% interest in Area 4 Mozambique, including the unitisation with Area 1 and the development of the Coral Floating LNG project.