Areas of Practice
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Energy, Extractive Industry and Power Practice
This practice area focuses on providing legal advisory services to clients in the upstream, midstream, and downstream sectors. Our services include assistance with licensing, regulatory compliance, and country-entry issues, as well as local content compliance.
We provide guidance on reserve-based lending and project financing, including financing for marginal fields and securitization of receivables. Our expertise extends to oil and gas contracts and transactions, such as Joint Operating Agreements, Production Sharing Contracts, Technical Services Agreements, and Liquefied Natural Gas Projects.
We also handle acquisition financing, asset disposals, and farm-in, farm-out, and joint venture arrangements. Our team addresses issues related to abandonment, remediation, and other environmental matters. Additionally, we support pipeline and turnkey projects, infrastructure projects including Public-Private Partnerships (PPPs), and initiatives like the Marginal Oil Fields Programme, along with domestic gas supply and pricing policy regulations.
Our services include negotiating, drafting, and structuring contracts and arrangements within the petroleum industry. We offer industry expertise, assist with transaction structuring and regulatory compliance, and provide advice on a broad spectrum of power projects and related arbitration and litigation.
Major Transactions
- Advised a midstream Operator as the EPCM master contractor on its US$1.05 billion NCTL 45 Kilometer pipeline project delivered to SPDC in the Niger Delta.
- Advised a Nigerian oil and gas exploration and production company on its over US$500 million global IPO and dual listing of its shares on the Nigerian and London Stock Exchanges and private placements in the USA and France.
- Acted as transaction solicitor and due diligence adviser to Neconde Energy Limited in its acquisition of 45% participating interest in OML 42 from SPDC, TOTAL and NAOC at the price of US$585 million.
Advised a consortium of foreign and Nigerian infrastructure companies that bidded for Genco and Disco assets under the privatization of power companies in Nigeria. - Advised an EPC operator on a US$300 million ongoing gas pipeline project awarded by the NNPC.
Advised a host of indigenous exploration and production companies on the legal validity of farm out agreements, joint operation agreements, technical services agreements, extension of the farm out agreement, as well as compliance with the petroleum laws of Nigeria and other related laws. - Advised Neconde Energy Limited in connection with a US$720 million secured reserve-based lending from a syndicate of foreign and local banks.
- Legal advisers to NestHak HDD Services Limited, an incorporated joint venture between Nestoil Plc and A-HakDrillcon BV (a multinational mid-stream company established in The Netherlands), in connection with its business activities in Nigeria. The joint venture company is involved in Horizontal Directional Drilling (HDD).
- Advised prospective foreign investors directly and in some cases through their International Counsel and other foreign investment partners on the acquisition and financing of marginal oil and gas fields in Nigeria.
- Advised Nestoil Plc on several EPC projects including a 260-Meter Gap in the Gas Tie-in- Pipeline project to Alaoji Power Station.
- Advised a foreign lender on a US$250 million credit facility to a Nigerian downstream operator for the importation of refined petroleum products.
- Advised a Nigerian oil and gas company on its leveraged buy-out of a private equity investor via financing arranged by a South African-owned commercial Bank.
- Advised a subsidiary of one of the largest conglomerates in Africa on its cross – border investment in an acreage partnering with the host central government and its national oil corporation.
- Advised on a farm out firm in bidding, assignment and perfection of interest in OMLs, OPLs and marginal field acreages.