Oil & Gas - Watson, Farley & Williams

Oil & Gas
September 2009
Watson, Farley & Williams

Contents
Our approach.......................................................................................................................3
Oil & gas...............................................................................................................................4
Oil & gas experience...........................................................................................................5
CORPORATE FINANCE & SECURITIES........................................................................5
MERGERS & ACQUISITIONS .......................................................................................11
PROJECT FINANCE, TRADE FINANCE, STRUCTURED FINANCE &
SECURITISATIONS .......................................................................................................20
STRATEGIC ALLIANCES..............................................................................................27
DISPUTE RESOLUTION................................................................................................30
COMMERCIAL TRANSACTIONS .................................................................................34
Our offices .........................................................................................................................43

Our approach
Watson, Farley & Williams is a leading international law firm with a presence in
major financial centres in Europe, Asia and the USA.
Quality is at the centre of everything we do. Our highly involved partners work with clients
to meet their objectives as efficiently as possible. We use our commercial acumen to
provide integrated services across legal disciplines and jurisdictions.
We offer clients services of the highest quality by developing our expertise in the sectors
we know best: these are principally Finance & Investment, Maritime, Energy, Natural
Resources, Transport, Real Estate and ICT. In these areas we use our specialist skills
and experience to provide effective, commercially focused advice across a broad range of
corporate, finance, dispute resolution and tax matters as well as employment and
regulatory issues.
We establish candid, open relationships with our clients and take the time to understand
their business in order to meet their objectives and help their businesses thrive.
We focus on the strengths that provide our clients with real value: in depth expertise, a
high ratio of partners, and talented, proactive people able to work with major clients at the
highest level. Our lawyers demonstrate qualities such as creativity and dedication to the
highest standards. It is these strengths that allow us to offer practical yet innovative legal
solutions.
3

Oil & gas
Explorers, producers, traders, contractors, financiers and investors need legal advice from
market experts who understand financial opportunities and costs and who are absolutely
at home in the international marketplace. We provide premium advice to international
clients who are involved in the extraction, financing, trading and distribution of natural
resources and bulk goods worldwide.
Our lawyers act for a range of clients including:
• oil and gas exploration, development and production companies
• offshore contractors e.g. seismic operators, drilling companies, construction
companies, FPSO contractors and standby/supply vessel operators
• oil and gas transmission, storage and distribution companies
• developers and operators of power plants, electricity transmission and distribution
facilities
• operators of and investors in heat distribution systems
• governments or local governments wishing to involve the private sector in utility
activities
• banks
4

Oil & gas experience
We provide a comprehensive legal service to our clients in the oil and gas sector. The
following is a selection of recent matters undertaken by our lawyers in this area:
CORPORATE FINANCE & SECURITIES
• Advising in oil & gas, concerning the placement, employment and operation of an
FLNG unit in Australia and Indonesia respectively. Areas covered included
Import/Export, Ownership Structures, Tax issues, Registration/Deregistration of
the FLNG, Compliance with the laws of the relevant jurisdiction and International
covention compliance.
• Advising a Middle Eastern bank in respect of a €95,000,000 letter of credit and
loan facility to an oil trader to finance trading in oil and petroleum products
• Advising an international oil trader on a $45,000,000 advance payment
arrangement for the purchase of oil products from Cubametales/Cupet, the Cuban
state oil producer
• Advising Pantheon Resources plc on a placing to raise around £4.5m
• Advising Irvine Energy plc on a placing to raise £1.1m
• Advising Resaca Exploitation on certain aspects of its listing on AIM with a market
capitalisation of ca £120m and related £53m placing
• Advising Oriel Securities Limited as nominated adviser and broker and Tristone
Capital Limited as global bookrunner and broker on the £50m AIM IPO of Valiant
Petroleum plc. Valiant intends to use the funds (together with existing debt
facilities) to reach first production on the West Don and Don South West fields and
fund its 2008 drilling program and approved 2008 budgets for the Crawford and
Causeway fields
5

• Advising Irvine Energy Plc on its acquisition of a 50% working interest in Niobrara
oil and gas project in Kansas, USA and a related fundraising to raise
approximately £1.5m
• Advising Suntera Resources Limited on a private placement to raise US$400m in
private equity
• Advising Matra Petroleum Plc on the acquisition of OOO Arkhangelovskoe, the
owner of the Arkhangelovskoe exploration licence in Orenburg, Russian
Federation for 55,000,000 new shares in Matra and the related issue of
135,000,000 new shares in Matra to Delek International Energy Limited to raise
£6.075m to fund initial drilling on that licence
• Advising on Italian aspects of the Australian Stock Exchange listing of Key
Petroleum Limited
• Advising Tower Resources Plc on a placing to raise around £1m
• Advising Black Rock Oil & Gas Plc on a placing to raise £625,000
• Advising a Cyprus company owning oil transhipment assets in relation to a
US$46.5m capital raising programme involving the issue of (i) redeemable
preference shares and (ii) convertible loan notes
• Advising JM Finn & Co on a placing raising £6.9m for Hallin Marine Subsea
International Plc
• Advising Pantheon Resources Plc on its listing on AIM and related placing raising
£10m
• Advising Oilex NL, listed on the Australian Stock Exchange, on its “fast-track”
secondary listing on AIM and creation of a stamp duty reserve tax exempt
Depositary Interest trading facility
6

• Advising Eclipse Energy Company Limited on a £5m pre-IPO fundraising for a UK
offshore hybrid generation project involving two gas fields to generate 90 MW and
a wind farm to generate 108 MW and the related restructuring of existing private
equity investment agreements
• Acted as special MI counsel in connection with the secondary offering of common
units by Teekay LNG Partners L.P. We also acted as special MI counsel in
connection with the initial public offering of StealthGas
• Advising First Olsen group in relation to the restructuring/reflagging and
refinancing of their FPSO/FSO/MOPU fleet. This deal won the ‘Asset & Corporate
Finance Deal of the Year’ award from Asian Legal Business
• Advising Elixir Petroleum Limited, listed on the Australian Stock Exchange, on its
secondary listing on AIM, creation of a Depositary Interest trading facility and
placing raising £6.4m
• Advising JM Finn & Co, as broker, and ARM Corporate Finance Limited, as
nominated adviser, in connection with Hallin Marine Subsea International PLC’s
admission to trading on AIM and on a placing raising £3.45m
• Advising Ascent Resources PLC on a placing raising £1.5m and related warrant
issue
• Advising Naftrans Ltd, the owner of Batumi Oil Terminal in Georgia, and its
shareholder on the US$12.75m equity investment from the Great Circle Fund, a
private equity fund primarily funded by OPIC (Overseas Private Investment
Corporation) and the US£8m investment from ENR Securities/MC Investment
Trust (a private equity fund for investments in the Former Soviet Union)
• Acting for a major North American corporation on the disposal of its North African
business through the sale of shares in the holding and subsidiary companies
7

• Advising a Middle Eastern conglomerate on the private equity structure,
investment and shareholder agreement and all related corporate issues and
documentation for the establishment of an upstream exploration and production
company
• Advising the underwriters on the dual stock exchange listings of a major national
oil company
• Advising Genesis Petroleum Corporation Plc on a placing raising £3.5m
• Advising Hardman Resources Ltd., listed on the Australian Stock Exchange and
AIM, on a secondary placing by way of accelerated bookbuild raising £65m and
related Depositary Interest issues
• Advising Global Petroleum Limited, listed on the Australian Stock Exchange, on its
“fast-track” secondary listing on AIM with a market capitalisation of £47m and
creation of a stamp duty reserve tax exempt Depositary Interest trading facility
• Advising Ascent Resources PLC on its admission to trading on AIM and on a
placing raising £500,000
• Advising an oil and gas exploration company with licences in West Africa on its
proposed admission to trading on AIM and related placing
• Advising Black Rock Oil & Gas PLC on various share placings and exercise of
warrants to raise over £2m, its acquisition of Wildlook Enterprises Limited and a 1-
for-5 warrant issue to shareholders
• Advising an Australian Plc on a Jordanian oil & gas sector takeover and
subsequent listing
• Advising Hardman Resources Ltd., listed on the Australian Stock Exchange and
AIM, on an international share placing and entitlement issue to existing
8

shareholders to raise £70m making it the third largest AIM listed company by
market capitalisation
• Advising in relation to equity investment and offtaker arrangements in relation to a
refinery and storage facility in the Middle East and related financing
• Advising Black Rock Oil & Gas Plc (listed on AIM) on two share placings and the
exercise of warrants to raise around £700,000
• Advising Hardman Resources Ltd., listed on the Australian Stock Exchange and
AIM, on a £9.4m share placing to UK investors
• Advising Black Rock Oil & Gas Plc (listed on AIM) on the proposed acquisition of
the entire issued share capital of Afrex Limited, including its African and
Mediterranean oil and gas exploration interests, and related fundraising and
secondary listing of Australian CREST Depository Instruments on the ASX
• Advising Hardman Resources Ltd, listed on the Australian Stock Exchange, on its
secondary listing on AIM with a market capitalisation of around £85m and creation
of a Depositary Interest trading facility
• Advising Aker RGI Holding ASA on its NOK 4bn take-over offer to acquire the
37% shares in Aker Maritime ASA (listed on the Oslo Stock Exchange) not already
owned by it
• Advising Aker Maritime ASA (listed on the Oslo Stock Exchange) on its US$576m
share redemption offer
• Advising Black Rock Oil & Gas plc on its recommended takeover offer for Black
Rock Petroleum NL, an Australian company listed on OFEX, and its placing and
admission to trading on AIM
9

• Advising Hardman Resources NL (listed on the ASX) on its proposed demerger of
Planet Oil International Plc
• Advising Aker Geo Seismic AS in the sale of the core of its seismic business
including its two seismic vessels to Compagnie Generale de Geophysique in
France, for US$118m in shares and cash, with advice on French, English and US
Federal Law
• Advising Atlantis (UK) Limited, a subsidiary of Petroleum Geo-Services A/S on its
take-over offer to acquire the entire issued share capital of Sakhalin Petroleum
PLC (listed on OFEX)
• Advising Hardman Resources Ltd (listed on the ASX) on a rights issue
• Advising a listed UK company on its position in relation to a proposed take-over
offer
• Advising EBRD in connection with a US$18m equity investment in a Polish
refinery
• Advising a US overseas investment organisation on various investment
transactions involving entities in the former Soviet Union, particularly in the oil and
gas sectors
• Advising Eurosov Energy PLC, listed on the Official List of the London Stock
Exchange, on its takeover by Sibir Energy plc, listed on AIM
• Advising EuroSov Energy Plc on its admission to the Official List of the London
Stock Exchange and related placing of shares raising £13m for a total initial
market capitalisation of £35m
• Advising Vanguard Petroleum Ltd (listed on ASX) on its group reorganisation and
demerger of EuroSov Energy Plc
10

• Advising Middlesex Holdings Plc (now Global Natural Energy Plc) in connection
with the acquisition by its subsidiary of 29.3% of Dominion Energy Plc with an
option to acquire up to 52% of its share capital
• Advising the Government of Pakistan on the proposed privatisation of the Pakistan
State Oil Company
• Advising KBC Advanced Technologies Plc on its £34.2m placing and admission to
the Official List of the London Stock Exchange
• Advising London & Overseas Freighters Ltd, an oil tanker operator listed on
NASDAQ and the Official List, in connection with the US$105m tender offer by,
and amalgamation with, Frontline Ltd.
MERGERS & ACQUISITIONS
• Advising Galoc Production Company W.L.L (GPC) on its acquisition of an
additional interest in the Philippines' Galoc oil field from Alcorn Gold Resources
Corp. and PetroEnergy Resources Corp. The Galoc oil field, the Philippines' only
major oil development in nearly two decades, has produced over 1 million barrels
of light sweet crude since it started extended production testing in the last quarter
of 2008
• Advising Gas Plus Erbil Limited and Gas Plus Khalakan on the acquisition and
acquisition finance of upstream assets in the Kursdistan Region of Iraq
• Acting for BP on the sale of a group of companies holding exploration and
production assets in the Middle East
• Advising Mitsui on its farm-in agreement and joint operating agreement, new
company establishment and corporate formalities with BHP in relation to
exploration on the Northern and Southern Blocks
11

• Advising Matra Petroleum plc on the sale of its 40% interest in Gemstone
Properties Ltd (the owner of certain oil & gas concessions in Hungary) to HHE
America Limited for around US$670,000
• Advising New Age (African Global Energy) Limited on its acquisition of an interest
in 3 production sharing agreements in Ethiopia
• Advising the Arabian Oil Company on a farm-out of part of its interests in an
Egyptian production sharing contract
• Acting for a Norwegian start-up oil and gas company on the proposed acquisition
of the shares in a company holding an interest in a significant undeveloped Danish
oil and gas discovery
• Acting for a Norwegian start-up oil and gas company on the acquisition of two
companies holding interests in producing gas fields in the Irish Sea and the
acquisition of an interest in some Irish exploration licences
• Advising Elixir Petroleum Limited, listed on AIM and ASX, on its merger with
Gawler Resources Limited to form a UK/USA oil and gas exploration company
• Advising Avana Petroleum on an investment which has led to Avana Petroleum
acquiring an interest in a production sharing agreement in the Seychelles
• Advising Encana Corporation on the sale of the holding company that owns their
exploration and production assets in Chad
• Acting on an farm-out agreement relating to a production sharing agreement in
Ghana
• Advising PetroMal LLC on its bid for a package of non-operated North Sea
exploration and production assets located in the UK, Dutch and Danish sectors.
12

The deal was structured as a cross border package deal including company and
asset acquisitions
• Acting for an Africa focussed company on a bid for a company holding full value
chain gas to power assets in East Africa
• Advising Genesis Petroleum Corporation on a placing and cash shell acquisition
to raise £10m from two strategic investors, Petroleum Geo Services ASA and Aker
Capital AS
• Advising Technip on its sale of Perry Slingsby Systems to SCF Partners, a private
equity business, for US$78m
• Advising Equatorial Biofuels Plc (previously Nardina Resources Plc) on its
proposed reverse takeover of Liberia Forest Products Inc
• Advising Irvine Energy Plc on its acquisition of 75% working interests in two South
Kansas Oil and Gas Development Projects and related placing to raise £4.25m
• Advising Matra Petroleum plc (previously Ming Resources plc) on its reverse
takeover of Inke Petroleum, a placing raising £8m and readmission to AIM
• Advising Genesis Petroleum Corporation Limited on the reverse takeover of
Genesis by Zari Resources PLC valuing Genesis at £15.6m
• Advising Genesis Petroleum Corporation Limited on the farm-out of an interest in
a UK exploration licence to a Norwegian company
• Advising a subsidiary of a New York listed energy company on a farm-in to an
exploration block in Mozambique
13

• Advising Tower Resources PLC on the acquisition of Neptune Petroleum Limited,
which holds oil and gas exploration licences in Namibia and Uganda, for 200
million ordinary shares valued at £4 million
• Advising a European company on the successful acquisition of exploration and
production assets in Nigeria, including local due diligence and in-country
negotiations
• Advising a European company on the negotiation of the terms for the acquisition
of exploration and production assets in Nigeria
• Advising the seller on the sale of an interest in a Russian oil & gas exploration
licence to Emerald Energy plc (listed on the Official List) for £18m to be satisfied
by shares in Emerald
• Advising Jose de Mello SGPS S.A. on the US$415m sale of its shipping business,
Soponata, to General Maritime Corporation
• Advising Oceaneering International Inc (listed on the NYSE) on its US$48.4m
acquisition of Stolt Offshores’s drill support ROV (remotely operated vehicle)
businesses in Norway, Brazil and Angola
• Advising Oceaneering International Inc on its proposed US$108m acquisition of
Subsea 7’s drill support ROV and associated subsea engineering businesses in
the UK, Norway, Brazil, Gulf of Mexico, West Africa and South East Asia
• Advising worldwide seismic specialist Petroleum Geo-Services ASA on the
US$105m sale of its Atlantis Group and its oil exploration and production interests
in the Middle East to China National Chemicals Import and Export Corporation
(Sinochem)
14

• Acting for Kuwait Foreign Petroleum Exploration Company and MOL Hungarian
Oil & Gas Company Plc on their bid for a controlling stake in a publicly listed
national oil company
• Acting for Kuwait Foreign Petroleum Exploration Company (subsidiary of Kuwait
Petroleum Company) and MOL Hungarian Oil & Gas Company Plc on their joint
bid for four German GmbH companies holding assets in Syria
• Acting for a Middle Eastern Company on a negotiated acquisition of an upstream
asset in Libya
• Acting for an integrated North American company on the acquisition of a company
holding producing assets in North Africa and the subsequent tertiary oil recovery
project, including re-negotiation of the terms of the concession agreement, joint
venture arrangements with the National Oil Company and conversion of the
concession into a production sharing agreement
• Acting for Edgo Management SA on the acquisition of oil and gas assets in the
Middle East
• Advising a UK company on the acquisition of a company in the Far East holding
producing assets and the subsequent gas development
• Advising Kerr McGee on their US$3.5bn sale of its UK operated and non-operated
North Sea exploration and production business
• Advising Petro-Canada on the US$2.1bn acquisition of Veba Oil & Gas’
international operated and non-operated business having business operations in
12 countries
• Advising on the proposed sale of a majority interest in an Italian oil and LPG
terminal
15

• Advising a UK subsidiary of a US energy company on the sale of a package of oil
and gas production and exploration assets in the UK North Sea
• Advising on the proposed sale of US and UK oil field equipment supply companies
• Advising a leading Brazilian engineering and construction company Odebrecht
S.A. in relation to the sale of Odebrecht Servicos de Oleo e Gas Ltd, including its
Brazilian oil exploration and production interests, to Enterprise Oil Plc for gross
consideration of US$153m
• Advising Coflexip Stena Offshore Ltd on the US$67.5m sale of its Subsea Well
Operations business to Well Ops (UK) Ltd, a subsidiary of Caldive
• Advising Intec Engineering (UK) Ltd on the purchase of the FUEL subsea
engineering business from Smit Land & Marine Engineering Ltd
• Advising Petroleum Geo-Services ASA on merger control issues in the UK and
elsewhere in Europe, in relation to its proposed merger with Veritas, including
notifying the transaction and obtaining clearance from the UK Office of Fair
Trading (OFT)
• Advising Bergesen d.y. ASA, Navion ASA and Advanced Production Systems DA
on the US$188m sale of the Pierce Field FPSO assets, including Pierce
Production Company Limited, to Bluewater Group
• Advising Black Rock Oil & Gas Plc (listed on AIM) on its acquisition of an oil
exploration licence from Otto Oil Pty Ltd and another one from Cadex Petroleum
Pty Ltd
• Advising Global Natural Energy plc (listed on the Official List) on its acquisition of
an initial 19.9% interest (with an option to acquire a further 40.1% interest) in a
new UK gas distribution group formed by the merger of Quantum Energy Group
Limited, Fortum Energy Plus Limited and Saracen Gas Limited
16

• Advising the purchaser on the proposed purchase of a shareholding in a Russian
oil exploration and development company for around US$30m (including assumed
debts)
• Advising an investor in relation to the acquisition of an interest in a liquid storage
terminal and transhipment facility in Poti, Georgia
• Advising the administrators of Victoria Oil Field Development Ltd on the sale of its
extended well testing and mooring system business to Brovig Production Services
Limited, a subsidiary of Brovig Offshore ASA
• Advising an offshore energy services company on the proposed sale of a
subsidiary
• Advising an offshore energy services company on the proposed sale of an interest
in an offshore oil and gas project, based offshore Morocco
• Advising a Danish company in connection with the acquisition of an English
company with a North Sea exploration licence
• Advising the UK subsidiary of a Brazilian offshore engineering and construction
group on the disposal of its engineering facilities at Lowestoft to the management
of the business
• Advising Petroleum Geo-Services A/S on its acquisition of the Atlantic Power
Group from 3i and others for around US$52m
• Advising Genesis Petroleum Corporation Limited on the reverse takeover of
Genesis by Zari Resources PLC valuing Genesis at £15.6m
• Advising a BVI company making a £2m investment in a Canadian corporation
involved in oil exploration
17

• Advising EuroSov Energy Plc on its acquisition of 25% of Russian oil company
Magma for around US$6m
• Advising the vendor on the sale of a shareholding in Moscow Oil Refinery
Company for around US$30m
• Advising Waterford Finance & Investment Ltd on the disposal of its interests in
Russian oil companies Evikhon, Yugan-neft and Yuganskoil to Dana Petroleum
plc for around US$40m
• Advising Waterford Finance & Investment Ltd on the disposal of a 20% interest in
Russian oil company Evikhon to Dana Petroleum plc for £4.5m
• Advising the purchasers on the acquisition of two companies with new oil tankers
under construction for a total of around US$70m
• Advising S Three Capital LLC in its US$19m acquisition and related financing of
an option to purchase a tanker on a long-term charter to a major oil company
• Advising an English company on the acquisition of a 100% shareholding in an
Indonesian company which provides consultancy services to the oil and gas
industry in Indonesia
• Advising a Hong Kong-based group of companies dealing in equipment for the oil
and gas industry in connection with the sale of its business to a subsidiary of an
American public listed company
• Advising Trafigura Fuels Australia on the acquisition of liquid storage terminals in
Sydney and Melbourne, Australia, from Vopak including the financing of the
acquisition through a combination of project finance and structured commodity
finance
18

• Advising Innogy on the disposal of oil and gas interests in the North Sea as part of
a divestment following their acquisition of Yorkshire Electricity Group
• Advising an oil company on the proposed purchase of the Santa Cruz oil field in
Argentina
• Acting for an oil company as the purchaser of a petroleum products distribution
business and associated service stations in Ecuador
• Advising an oil & gas company on the restructuring and subsequent sale of a
majority interest in the Natuna Sea oil and gas field in Indonesia
• Advising an international oil & gas company on the sale of oil & gas exploration
interests in Kenya
• Advising the vendor on the sale of an offshore drilling company
• Advising an international oil & gas company on the sale of oil & gas exploration
interests in Malta
• Advising a UK gas utility on potential acquisitions of Hungarian Gas Distribution
Companies
• Advising a UK oil and gas company on the disposal of an Indonesian oil & gas
services subsidiary
• Advising a UK oil company on the takeover of an Indonesian oil and gas company
• Advising an international E&P company on US$215m sale of Saudi Oil & Gas
interests to Sinochem
• Advising an energy services company on the acquisition of the drill support
remotely operated vehicles business from Halliburton and DSND for US$108m
19

• Advising an oil and gas services company on sale of Tunisian Oil & Gas Holdings.
PROJECT FINANCE, TRADE FINANCE, STRUCTURED FINANCE &
SECURITISATIONS
• Acting for Rabobank on a review of its standard form facility and security
documentation relating to trade finance facilities
• Advising on a USD$50 million reserve-based reducing senior facility and USD$10
million junior facility to fund new drilling in new offshore oilfields in northern
Greece
• Advising Irvine Energy Plc on its US$50m development loan facility for its oil and
gas exploration and production assets in Kansas and Oklahoma
• Advising Citibank as mandated lead arranger, agent and security trustee in
connection with a US$850m pre and post delivery financing for an ice-class
drillship to be constructed for the Stena AB Group at Samsung in Korea. The
financing involved Norwegian and Korean export credit support as well as
commercial bank financing. This was the fourth in a series of drillships ordered by
Stena and financed by Citibank
• Acting for an international oil and gas services company in relation to the raising of
additional finance in relation to a project involving a mobile offshore production
unit by means of a private equity financing under a leasing structure involving a
Sharia-compliant head lease and sub-lease
• Advising Standard Chartered Bank on a US$25m reducing reserve-based facility
to fund oil exploration and drilling work by Aegean Energy SA in the North Aegean
Sea in Greece
• Advising a bank on structured receivables financing to an African state owned oil
exporter
20

• Acting for the owner in connection with the financing of a newbuilding jack-up
drilling rig
• Advising Nord LB in relation to the financing of power generation facilities at the
Caythorpe onshore gas field in Yorkshire, UK
• Acting for Bluewater in the negotiation and documentation of their US$850m
secured revolving credit facility involving lead arranger ING, Bluewater and six
major oil companies. The firm has represented Bluewater since 1994, and this
credit facility is the culmination of a series of complex structured debt, lease and
bond financings which Bluewater has successfully implemented to expand its
floating production and other core business over that period
• Advising DVB Bank AG in a US$15m newbuilding delivery financing in respect of
a platform supply vessel being constructed in Brazil for UP Offshore Apoio
Maritimo Ltda., a Brazilian company controlled by Ultrapetrol of Argentina. This is
the first of four such vessels being built in Brazil for the Ultrapetrol group
• Advising Trafigura on sale and purchase arrangements with Singapore and
Indonesian counterparties and preparing documentation in relation to the
purchase of petroleum products under a renewable term pre-financing facility of
US$260m
• Advising Trafigura Beheer B.V. as special English law counsel on the US$300m
securitisation of oil sale receiveables, sponsored by Societe Generale
• Advising on a silent participation in a proposed US$150m financing of a UK listed
oil & gas exploration company
• Advising a leading French bank on a US$100m pre-export finance facility for
Egyptian General Petroleum Corporation
21

• Acting for Exmar in connection with the design, construction and financing of a
floating production storage and offloading unit built in Spain and time chartered to
CPTL for operations offshore Libya
• Advising Royal Bank of Scotland on the financing of a series of 12 product tankers
chartered to BP Shipping
• Advising the financiers of an international pre-export finance project
• Advising Nordea Bank on a US$230m syndicated loan to Exmar to refinance its
19 vessel gas carrier fleet
• Advising NIB Capital and Bank of Scotland on the US$51m financing package to
convert an Italian tanker into a floating production and storage platform (FPSO) for
the Woollybutt Field, Western Australia, operated by Agip
• Advising R & B Falcon Group on a US$245m defeased lease of the semisubmersible
drilling rig “Deepwater Nautilus”, engaged on a services contract for
Shell Deepwater for use initially in the Gulf of Mexico
• Acting for CEXIM in relation to a loan facility made to Sevan Production AS, a
wholly owned subsidiary of the Norwegian company, Sevan Marine ASA. The
loan facility assisted Sevan Production in its acquisition and construction of a FSO
being built by Yantai Raffles Offshore Ltd and China National Aero-Technology
Import & Export Xiamen Corporation
• Advising a FPSO and mooring systems technology and service provider on four
separate leases and the related debt financing secured on their FPSOs, operating
on the UK continental shelf and elsewhere; and their subsequent structured
acceleration and termination in 2005
22

• Advising Amerada Hess Limited on the UK tax, commercial, contractual and
security aspects of a sale and leaseback of its part interest in a semi-submersible
rig operating in the North Sea
• Acting for Aban Loyd Chiles Offshore Ltd in connection with the negotiation and
purchase of a US$160m Baker Marine Pacific Class 375 jack-up rig from
Sembcorp Marine’s PPL shipyard
• Acting in DBS’s financing of the Baker Marine Pacific Class 375 deep drilling
jackup rig which is to be constructed at Jurong Shipyard on behalf of Petrojack
AS. The rig contract price was in excess of US$100m
• Advising a sponsor on the US$300m lease financing for the topsides of the
US$300m FPSO, “Blue Holm”, contracted for the Canadian oil company, Talisman
• Advising African Export-Import Bank on a revolving invoice discounting facility, in
order to provide finance for corporates carrying on business with oil majors in
Nigeria, Angola and other eligible African countries
• Advising Trafigura on a US$5m advance payment facility made to the US
subsidiary of a Georgian entity for the provision of transportation services for
gasoil across Azerbaijan and Georgia, secured by an assignment of the
transporter’s open credit balance from time to time with Azerrail
• Advising Petroleum Geo-Services, the multinational marine seismic company, on
the US$240m securitisation of its multiclient seismic data library, one of the first
securitisations of intellectual property rights outside the music industry
• Advising Trafigura on a prefinancing facility made in respect of the purchase of
gasoil and mogas under, and secured by an assignment over, a production
sharing arrangement in Uzbekistan
23

• Advising Trafigura on a US$10m prepayment of a Russian oil producer in relation
to the delivery of crude oil
• Advising Trafigura on a US$40m advance payment facility made to a Peruvian
subsidiary of an Argentinean oil producer against the delivery of crude oil at a
fixed price from Peru
• Advising Trafigura in relation to a US$30m prefinancing of fuel oil made to an
Ecuadorian producer, structured as a sleeve with an Italian intermediary
counterparty
• Advising Trafigura in relation to a US$15m stock financing facility and repo
arrangement and a pre-export finance facility for the US$40m prepayment of
gasoline made to a Uruguayan producer
• Advising Trafigura in relation to a $137m advance payment credit arrangement
made against future deliveries of crude oil from Cuba, together with the later
refinancing of this into a structured arrangement with three separate facilities.
This was to fund the importation of crude as well as the purchase of receivables
on sales of refined products, during which security was taken over the whole of
one of Havana’s state owned refineries
• Advising TransCanada Pipelines on its proposed acquisition of the Slovak gas
storage sector in Slovakia
• Advising TransCanada Pipelines on its proposed acquisition of the Slovak oil
transmission company
• Advising National Fuel Gas Corporation on its proposed investments in the Czech
gas distribution sector
• Advising National Fuel Gas Corporation on its bids to acquire gas distribution
companies in the Hungarian privatisations in Hungary
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• Advising a US offshore contractor on the lease finance of two drill ships valued at
US$660m, the first leases of their kind following changes to UK tax law in the
Finance Act of 1997
• Advising the lessee on UK leases of a series of newly delivered seismic vessels
(value approximately US$350m)
• Advising the lessees on three separate leases of floating production storage and
offtake (FPSO) units and two separate leases of “topsides” for other FPSOs
(aggregate transaction value in excess of US$1.5bn) and the five transactions
consisting almost all of the lease financings done in relation to FPSOs operating
on the UK Continental Shelf
• Advising the indenture trustee in a medium term note program for a major
Brazilian oil producer
• Advising the Singapore branch of a Dutch bank on a US$150m loan to the
Ministry of Petroleum and Natural Resources of the Government of Pakistan,
including in relation to the current rescheduling of sovereign debt in conjunction
with the IMF
• Advising the Singapore branch of a leading Dutch bank on a US$200m short term
oil imports facility for an Indian oil company
• Advising a leading US bank in the silent confirmation of the payment obligations of
south east Asian buyers under oil purchase contracts with western oil majors
• Advising a leading Swiss bank on financing arrangements for an oil major to
support the export of oil and gas from Trinidad
• Advising a major French utility company on the first euro dual play feature
convertible bond issue for a global amount of €2.8bn
25

• Advising a major component manufacturer in a £190m acquisition of a French
company involved in the diesel business
• Advising the lender on the Emerald North Sea oilfield project financing
• Advising French banks on a project financing for the construction and
maintenance of oil stocking and distribution facilities in Benin
• Advising African Multilateral Development agency/bank on a global discounting
facility for state owned oil company in Cameroon
• Advising an international energy trader on a US$180m structured financing of oil
imports secured in part over receivables in Cuba
• Advising a French bank on oil import/export arrangements and loan/security
documents for transactions secured in part over receivables in Cuba
• Advising an international energy trader on a 30 year concession on an LPG
bottling and distribution project in Cuba and related joint venture with the Cuban
State
• Advising an international energy trader on the structured financing of a petroleum
tank farm and related throughput arrangements in Georgia
• Advising an energy trader on pre-financing and purchase of oil products from
Pertamina in Indonesia
• Advising French banks on a US$100m project financing for the construction and
maintenance of oil stocking and distribution facilities in Ivory Coast
• Advising French banks on a US$40m project financing for the construction of oil
refining facilities in Ivory Coast
26

• Advising the lender on a $260m structured US/Norway synthetic lease financing of
drill ship for an oil major
• Advising an international energy trader in relation to a US$35m pre-export trade
finance facility negotiated in respect of a prepayment to be made against the
export of crude oil from Peru
• Advising a US and UK bank on pre-export financing of crude oil exports from
Russia
• Advising French banks on the project financing of new oil refining facilities in
Tanzania
• Advising an oil services company on a bid for an FSO project with PTT in Thailand
• Advising the lessor on the lease out lease back of an oil rig operating on the UK
continental shelf.
STRATEGIC ALLIANCES
• Advising an Arabic joint venture on their partnership with BP in relation to a
US$1bn investment in a negotiated EPSA covering the largest area awarded in
Libya
• Advising a major Norwegian shipping company on a joint venture to supply LNG
vessels
• Advising a major Japanese shipping company on a joint venture to supply LNG
vessels
• Advising Golar LNG Limited on its A$11.5m investment in, Australian Stock
Exchange listed, Liquefied Natural Gas Limited
27

• Advising Genesis Petroleum Corporation Plc on its joint venture with Petroleum
Geo-Services ASA in Genesis Petroleum Europe Limited
• Advising Global Natural Energy plc on changes in its gas supply arrangements for
its Corona Energy gas retail distribution business and related shareholder
agreements
• Advising KBC Advanced Technologies plc on the transfer to it and licensing by it
of intellectual property rights in HYSYS.Refinery
• Advising Puma Energy on various joint ventures to build, own and operate oil
storage facilities together with supporting throughput arrangements and related
financing in Paraguay, Honduras and Brazil
• Advised an offshore contractor in relation to a joint venture between the offshore
contractor and operator and Brazilian oil and gas drilling, exploration and
production company in relation to long-term charter and operating contracts for
floating production storage and offloading vessels operating in the Espardarte,
Roncador and Marlim Sul fields offshore Brazil. Advice was also provided to the
offshore contractor for the acquisition of a 20% share in the operating and owning
companies by the Brazilian company and the financing thereof
• Advised an offshore operator during its negotiations with a ship owner in
connection with a joint venture in respect of the construction, acquisition,
management and operation of a dynamically positioned deepwater construction,
installation and anchor handling vessel. This also involved assisting the parties in
their negotiations with the shipyard and documenting the terms of the construction
of the vessel, the joint venture agreement, and the chartering and operating
agreements for the vessel
• Advising Global Process Systems Inc on its joint venture arrangements for the
design, fabrication and supply of a mobile offshore processing unit to Petrofac for
use in the Cendor Field, which is located offshore Peninsular Malaysia. Our role
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involved the drafting and negotiation of a joint venture agreement between the
various joint venture parties to the MOPU supply project
• Advising EuroSov Energy Plc on a memorandum of understanding between
EuroSov and Central Fuel Company of Moscow, Russia, owned by the City of
Moscow Government, to establish a joint venture company, Central Fuel
Neftegaz, to pursue exploration, development, production and trading activities in
the former Soviet Union
• Advising the UK joint venture company on the joint venture arrangements between
it and three Norwegian oil/shipping companies, for a North Sea Oil project
• Acting for Sevan Marine ASA in respect to the registration of an FPSO vessel
under Singapore flag, structuring of a general partnership with a UK joint venture
partner and obtaining exemption under section 13A of the Singapore Income Tax
Act
• Advising IM Skaugen A/S, a listed Norwegian company, on the formation of a
US$90m joint venture with GATX for the purchase of 4 new ethylene gas carriers
under construction in China, with options for a further six vessels
• Advising a French oil industry service company on a joint venture with an African
national oil company
• Advising an offshore drilling contractor on a joint venture for the construction,
marketing and operation of a semi-submersible drilling tender barge
• Advising an energy trader on all aspects of a joint venture with an Argentinean
conglomerate to establish a downstream energy company, including the transfer
of existing energy projects throughout Latin America to a new joint venture entity
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• Advising a UK plc on joint venture arrangements relating to a production sharing
agreement with SOCAR (state oil company), Amoco and Monument Oil for the
exploration of the Inam Block offshore Azerbaijan
• Advising an international energy trader on the structuring and documentation of a
joint venture with a local chain of petrol stations in Brazil
• Advising an energy trader in relation to a joint venture for the storage and
transportation of hydrocarbons in Congo.
DISPUTE RESOLUTION
• Advising clients on a claim under an all risks cargo policy of insurance following
damage sustained to a jack-up rig whilst being transported from Galveston Texas
to Luwut Malaysia. Addressing, in particular, issues of fortuity and inherent vice
• Acting for PGS Offshore Technology in relation to a claim for a £2m “sailaway”
bonus under an EPC contract for the design, engineering, procurement and
construction of an FPSO. The case turned upon whether the head construction
contractor, Aker Oil & Gas (UK) Limited, had earned the performance bonus by
substantially completing its scope of work on the date of sailaway, and required an
assessment of the scope of carry-over work to be performed offshore
• Acting for SANA the Italian owner of the semi-submersible oil production platform
known as P36 in long-running High Court proceedings against Petrobas
(represented by Linklaters in London) concerning upgrade works to the rig which
capsized and sank off Brazil in 2001. The case involved complicated technical
issues relating to the construction and financing of the rig and was worth in excess
of US$350m
• Acting for Aban Loyd Chiles in a dispute with ITC of Holland over the failure of
ITC's semi-submersible barge to dock Aban’s rig, the Aban II. Claim centred on
which party was responsible for the failure, and required an investigation into the
technical reasons for failure of the docking operation
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• Advising Moscow Oil Refinery in relation to London arbitration proceedings
commenced by Fiber Technologies International Ltd worth in excess of US$300m
and relating to the design and construction of a Russian polypropylene plant
• Acting in an LCIA London arbitration in a US$85m dispute on behalf of a
Canadian owner/operator and two state owned Asia oil & gas companies in
relation to a central oil and gas operating platform fabricated in Vietnam and
commissioned offshore in the Malaysian oil field
• Advising a contractor in relation to the bankruptcy of Tuscan Energy, the operator
of the Ardmore field in the North Sea Corporation
• Acting for the Government of India in the world's largest and India's first
investment treaty arbitration. The multi-billion dollar claims arose out of the Dabhol
Power Project in Maharashtra which was built by a US consortium led by Enron,
GE and Bechtel. Further advising the Government of India on the overall
settlement of the complex Dabhol disputes which had been ongoing for the last
five years and negotiating two separate settlements with GE and Bechtel
• Advising a North American company on the settlement of three disputed
production sharing agreements in the Middle East and the renegotiation of the
terms of the agreements, including the provisions relating to gas
• Advising ARCO on the renegotiation and settlement of disputes in relation to their
exploration and production concessions in Tunisia
• Advising a consortium of international companies on their dispute with the
government of a Middle Eastern country in relation to the termination of their
concession agreement and the settlement terms
• Advising an international oil and gas exploration company on a dispute relating to
oil fields located in the South China Sea
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• Advising KBC Advanced Technologies plc, a major US and international oil
refinery software consultant/provider, on a dispute with AEA concerning a multimillion
dollar software programme
• Advising an FPSO operator against a North Sea licence holder in High Court
litigation relating to the terms of an FPSO operating contract. The key issue
concerned the payment obligations of the licence holder in circumstances where
the FPSO was taken off the field for essential maintenance and repair. This
dispute, worth in excess of £16m, was ultimately resolved by the Court of Appeal
• Advising a Dutch engineering company in a Commercial Court dispute about the
contract price for an FPSO-related design, engineering and construction project.
The project concerned the removal and refurbishment of a gas compressor unit
and its installation and commissioning on board a North Sea FPSO. The case
was eventually settled following proceedings in the Commercial Court and a
CEDR mediation
• Acting for an Iranian marine construction company in an ICC arbitration brought by
a European oil company (represented by Herbert Smith in Paris). The claim
relates to an EPC contract for the design, construction, installation and
commissioning of two offshore wellhead platforms
• Advising Talisman Malaysia Ltd on a multi-million dollar construction arbitration
dispute concerning an offshore oil platform in South East Asia built by Hyundai
Heavy Industries
• Advising an Italian company on an offshore drilling platform dispute
• Advising ING Barings on the successful defence of a US$5m commission claim by
Westminster Oil & Gas in respect of the US$800m financing of the Cabinda oil
field in Angola
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• Acting for Congolese interests in High Court proceedings relating to a payment for
a cargo of oil being shipped from the Congo, and purchased by Glencore
• Advising owners of a very large shipment of oil in a highly publicised dispute with
the Thai Customs Authority arising out of the seizure and detention of their
shipment
• Advising Sinochem on its successful claim against Mobil for approximately
US$14m under a crude oil sale contract
• Advising a multi-party joint venture company in the offshore energy sector in
relation to a dispute between its shareholders with various cross-holdings within
the group
• Advising PGS Offshore Technology in relation to substantial claims arising out of
the US$500m Banff Field FPSO project in the North Sea. The claims, which were
brought against the two major contractors responsible for the design, construction
and installation of the subsea equipment and topsides process facilities, led to
complex litigation in the Technology & Construction Court and, in one instance,
the Court of Appeal. The litigation raised numerous difficult technical issues
concerning the quality of engineering and design, as well as allegations of delay
and negligent project management on the part of the contractors. As a result of
the very large volume of documentation produced during the proceedings, we
adopted a computerised document management system, which has since become
standard practice in such large construction cases
• Acting for Bluewater N.V. against Amerada Hess Limited in High Court litigation
relating to the terms of an FPSO operating contract
• Advising on a dispute concerning the engineering and construction of a gas
compression plant on a floating oil production vessel. This claim was being
pursued in the High Court in London, but was settled prior to mediation (after
close of pleadings and disclosure of documents)
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• Acting for Transocean in a London arbitration against operators in two adjacent oil
and gas fields off Mumbai
• Representing Northern Offshore ASA in Commercial Court proceedings and
arbitration against British Gas arising out of a contract for drilling wells offshore
Indonesia
• Advising an Iranian oil trader on a case brought by Vitol in the Commercial Court
in London involving the sale of Iranian crude and foreign exchange transactions
• Advising a contractor in connection with a £10m claim for a bonus payment under
an offshore construction contract
• Acting for Talisman Malaysia in a drilling rig dispute arising from the failure of the
drilling equipment and the collapse of a jack-up leg.
COMMERCIAL TRANSACTIONS
• Advising the client on its investment in New Age African Global Energy, the
primary upstream oil & gas Africa focused investment vehicle, backed by Och Ziff
Capital Management and Tokyo Sexwale
• Advising Sasol Synfuels International on its commercial arrangements, including
the marketing of diesel and naptha, for the Oryx Gas to Liquids plant in Qatar
• Advising Excelerate Energy on the commercial and construction agreements for a
unique gas import project into the port at Teesside, UK. The worlds first project
enabled on board, in port regasified LNG to be delivered straight into the NTS to
boost the UK's natural gas supply in times of shortage. Excelerate Energy has
invested in 9 customised ships (with others on order) which transport LNG but
also have the capability to convert LNG to natural gas on board, a relatively new
technology which allows flexibility in offtake options. The project was the first for
Excelerate Energy outside the US and the first of its type in the world. Due to its
unique characteristics, advice was required in relation to complex and innovative
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commercial arrangements, including close liaison with UK government and
regulatory departments. We won The Lawyer’s Infrastructure Team of Year 2007
Award for our work on this deal
• Advising on a project involving the construction of two gas pipelines within Oman
and the acquisition of the pre-existing state gas pipeline network
• Advising Edison S.p.A. on the construction and implementation of an Italy to
Greece Gas pipeline Project
• Acting for Edgo Management Group, a Jordanian company, in relation to various
corporate and commercial matters in the Middle East
• Advising Petro-Canada on the negotiation of a major gas exploration and
development production sharing agreement in Syria
• Advising a major African company on a gas pipeline project in Mozambique and
South Africa
• Advising ARCO on its US$1.5bn enhanced oil recovery project in North Africa,
including the production sharing agreement, project structuring, joint venture
arrangements and operational and commercial agreements
• Advising Heerama on a subsea facility construction agreement offshore Egypt
• Advising BW Shipping in its purchase of eight 76,000-dwt Panamax product/crude
oil tankers from Germany's AL Ships. Purchased for a total price of US$449m, the
acquisition represents BW Shipping's re-entry into product tanker ownership,
following its exit from the sector in 2004
• Advising British Gas on the interpretation of concession agreements in Latin
America and the negotiation relating to those agreements
35

• Advising Petro-Canada on the renegotiation of the terms of their concession
agreements
• Advising Global Process Systems Inc in relation to the conversion and operation
of a mobile offshore production unit for the Maleo Joint Venture in East Java,
Indonesia. This included advising on all aspects of the loan documentation, project
structure, project documentation and liasing and coordinating Indonesian counsel.
The asset is worth approximately US$60m
• Advising a Norwegian company on a possible project to construct a gas pipeline
connected to a buoy capable of receiving delivery of gas from an LNG
regasification vessel
• Advising a number of shipowners and offshore oil & gas operators (including
Teekay, I.M. Skaugen’s Norgas Carriers and a number of Fred Olsen group
companies) in a series of high profile transactions for the establishment of an
increased presence in Singapore for the purpose of operations under the
Approved International Shipping Enterprise (AISE) scheme. The AISE scheme
provides, inter alia, tax exemption for income arising from the operation of
ships/offshore assets and also the establishment in Singapore enables relevant
operators to take advantage of the increased profile and activity of shipping and
offshore oil & gas operations in Asia
• Advising Petro-Canada on bids for concession agreements in Libya, Algeria,
Morocco and Trinidad
• Advising World Petroleum in connection with the documentation of security
arrangements in favour of Trafigura to address delayed payment of purchase price
due to Trafigura for products supplied and on-sold by World Petroleum to
Pertamina. The amount outstanding and due to Trafigura was approximately
US$22.5m
36

• Advised an offshore contractor and operator on the conversion and supply of a
very large floating production storage and offloading vessel for use in the Oveng
field offshore Equatorial Guinea, including advice to the in-house legal and
commercial teams on the terms of a bid for the conversion, installation, chartering
and operating and maintenance contracts
• Advised an offshore contractor in relation to the termination by a field operator of
charter and operating contracts in relation to a floating production and storage
vessel deployed offshore the Democratic Republic of Congo. This also included
negotiating and documenting the termination arrangements and negotiating the
terms of the agreements for the supply, including the upgrade and installation, of
the unit to another offshore project in the Yoho field offshore Nigeria, and the
unit’s associated sale to the field operator
• Advised an offshore contractor in relation to US$25m long term supply and
maintenance contracts in respect of a fleet of floating production storage and
offloading vessels deployed offshore Angola, Democratic Republic of Congo,
Nigeria and Brazil. This also involved assisting the in-house legal and technical
teams of the offshore contractor and fleet owner in negotiating the contracts with
the equipment suppliers, including Rolls-Royce Power Engineering, Alstom
Power, Siemens and Solar Turbines, and ExxonMobil as field operator
• Advising a Norwegian shipping and energy group in relation to the corporate
restructuring of its offshore oil and gas business involving seven semi-submersible
oil rigs, one drill ship and related rig and crew management service providers. We
advised on the structuring and documentation of the sale and purchase
arrangements, the restructuring of the group’s US$405m existing debt, the
transfer of assets based in five different jurisdictions, advising on employment and
other relevant commercial and operational arrangements and advising on various
tax, regulatory and other legal issues
• Advised Marathon Oil in connection with the development of the Alvheim field in
the Norwegian sector of the North-Sea, including advice and assistance in the
preparation of the suite of EPCI contracts and bid documentation in respect of the
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acquisition of an oil tanker, and its conversion into a floating production storage
and offloading vessel. Further assistance was provided during the negotiation of
the terms of the contracts for the supply of the topsides and process facilities,
turret, mooring and swivel system and STP buoy and various long-lead items,
such as the main power generation units and the water injection pumps, with
various contractors including Vetco Aibel AS and APL AS
• Advised an offshore drilling contractor in connection with the provision of a drilling
rig for deployment offshore West Africa in relation to the development of the Akpo
field, reviewing the bid documents, including the pro forma drilling contract, and
assisting the drilling contractor in negotiating the contract terms with the field
operator
• Advising a Norwegian shipping and energy group in connection with the
restructuring of and relocation of its oil tanker business and the related
restructuring of its US$250m existing debt. The transaction involved the
structuring and documentation of the transfer of shares and assets (valued in
excess of US$240m) based in a variety of jurisdictions, the restructuring of the
commercial arrangements relating to such assets and advising on various
regulatory, tax and legal matters arising in connection therewith
• Advising a large contractor in connection with the development of a North Sea oil
and gas field, utilising an innovative FPSO vessel. During the negotiations, we
advised on all the major contracts, including topsides, turret, sub-Sea and
installation and vessel management, helping to ensure that the risks in the project
were identified, understood and minimised from the start. We also advised on the
client's insurance matters. Once work on the project had started, we continued
to assist with contractual issues arising during the construction phase
• Advising Aker Geo Seismic AS in the purchase of the seismic vessel “Atlantic
Horizon” from the Eagle Geophysical Group under Chapter II bankruptcy
protection in the US, with advice on US Federal, Liberian and English Law
38

• Advising Trafigura Pte Ltd on, negotiating and documenting storage, collateral
management, sale and purchase and security arrangements in relation to the
storage and management of petroleum products to be stored on board the
“Kadriah I”, a VLCC tanker converted into a floating storage facility and located at
Port Tanjung Pelepas, Malaysia
• Advising Trafigura Pte Ltd on, negotiating and documenting commitment,
guarantee and storage agreements relating to Trafigura's commitment to use
storage facilities to be constructed in Johor Bahru by Tanjung Langsat Port Sdn
Bhd
• Advising a Canadian company on its production sharing agreement acquisitions,
negotiations and operations in the Middle East, CIS, Latin America and North
Africa
• Advising a US company on its unitisation and joint venture arrangements in
Vietnam
• Advising various US and European international operating companies on all
aspects of their operational work including EPC, construction, service, drilling, oil
and gas sales and transportation agreements
• Advising a French oil major on the restructuring of operations based in Singapore
• Advising Vitol in connection with a proposed farm-in to an existing production
licence offshore Indonesia
• Advising BJ Services Company in connection with operations in Thailand and
Cambodia
• Advising Talisman Malaysia Limited in connection with the bareboat charter and
operation contract for an FSO on a field offshore Malaysia
39

• Advising Trafigura in relation to various long term natural gas supply contracts
with delivery points including Bacton, NBP, Zeebrugge Hub and Zeebrugge
Flange
• Advising large industrial users and producers on long term purchase agreements
of natural gas. General advice in relation to the Network Code including liability,
penalties, operational matters, flexibility bidding and code communications in the
UK
• Advising Trafigura in relation to work-out strategies under natural gas
arrangements with various companies post-Enron
• Advising on transhipment agreements for oil products between a US oil major and
a Black Sea oil terminal
• Advising a UK gas utility on the Bombay natural gas distribution project
• Advising a UK gas utility on a gas distribution/transmission project in Malaysia
• Advising an international oil company on Malaysian E&P licensing issues
• Advising an offshore drilling contractor in connection with the sale of a selferecting
drilling tender assist barge
• Advising a major French oil company on its corporate restructuring in Singapore,
India and Cambodia (including franchising agreements)
• Advising Dutch and Norwegian offshore contractors in relation to their contractual
documentation for the acquisition, conversion and chartering of a number of
FPSOs for use in the North Sea and elsewhere
• Advising the owner of a floating production and floating storage facilities in the
North Sea in connection with the development contract, conversion contracts for
40

the FPF and FSU and all other subcontracts and advice including litigation during
the course of a much delayed project
• Advising an English contractor in connection with the EPC and operation contract
for production facilities to be installed on a tanker for installation as an FPSO on a
field offshore Ireland, including the head contract with the field operator
• Advising a UK company in connection with a one year extended well test in the
North Sea including contracts with the field operator and a number of
subcontractors
• Advising an FPSO operator in connection with the contracts for procurement of
the topsides facility, subsea and installation contracts for an FPSO project in the
North Sea
• Advising the owner of a semi submersible drilling rig in connection with its
conversion into an FPF in South Africa, including issues arising with the
conversion yard
• Advising a contractor in relation to a shuttle tanker offshore system from an FPSO
in the North Sea
• Advising an energy trader on crude oil transportation arrangements in Azerbaijan
• Advising a French oil major on restructuring of Cambodian operations
• Advising an oil & gas trader on the supply of LPG to Ecuador
• Advising a UK gas utility on gas a distribution/transmission project in Indonesia
• Advising a European energy company on a pipeline gas purchase contract for the
import of gas into Jordan
41

• Advising a UK gas major on the negotiation of the Karachaganak production
sharing agreement and gas transportation agreements with the Government of
Kazakhstan and Gazprom
• Advising a gas purchaser on the gas supply contract for gas to be used in a
proposed iron ore reduction/steel plant in South Africa
• Advising an EPC contractor on offshore oil & gas drilling contracts in Thailand
• Advising a UK developer on the IGDAS Gas distribution project for the city of
Istanbul, Turkey
• Advising a UK gas major on negotiating gas sales and transportation agreements
for the sale of gas through the Interconnector Pipeline to various European
purchasers
• Advising an international energy trader on the structuring of a 12 month sleeved
contract for the purchase of Russian gas.
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Our offices
London
Watson, Farley & Williams LLP
15 Appold Street
London EC2A 2HB
Tel: +44 (0) 20 7814 8000
Fax: +44 (0) 20 7814 8141/8142
New York
Watson, Farley & Williams
(New York) LLP
1133 Avenue of the Americas
New York
New York 10036
Tel: +1 212 922 2200
Fax: +1 212 922 1512
Paris
Watson, Farley & Williams LLP
150, avenue des Champs-Elysées
75008 Paris
Tel: +33 (0) 156 88 21 21
Fax: +33 (0) 156 88 21 20
Hamburg
Watson, Farley & Williams LLP
Am Kaiserkai 69
20457 Hamburg
Tel: +49 (0) 40 80 80 344 0
Fax: +49 (0) 40 80 80 344 10
Munich
Watson, Farley & Williams LLP
Kardinal-Faulhaber-Straße 10
80333 Munich
T: +49 (89) 237086 0
F: +49 (89) 237086 222
Rome
Studio Legale Associato a
Watson, Farley & Williams
Piazza Navona, 49
2nd Floor int 2/3
00186 - Rome
Tel: +39 06 68 40 581
Fax: +39 06 68 89 2717
Milan
Studio Legale Associato a Watson,
Farley & Williams
Via Santa Radegonda 11
20121 Milan
Tel: +39 02 72 17 071
Fax: +39 02 72 17 0720
Athens
Watson, Farley & Williams
Greek Branch
6th Floor
Neophytou Vamva 4
Kolonaki 106 - 74
Athens
Tel: +30 21 0455 7300
Fax: +30 210 7212 490
Madrid
Watson, Farley & Williams LLP
Calle del Pinar, 5
28006
Madrid
Tel: +34 91 745 6815
Piraeus
Watson, Farley & Williams
Greek Branch
2nd Floor – Akti Miaouli 89
& Mavrokordatou 4
Piraeus 185 38
Tel: +30 21 0455 7300
Fax: +30 21 0459 4004
Singapore
Watson, Farley & Williams LLP
16 Collyer Quay
#12-02 Hitachi Tower
Singapore 049318
Tel: + 65 6 532 5335
Fax: + 65 6 532 5454+
Bangkok
Watson, Farley & Williams (Thailand)
Limited
Unit 902, 9th Floor,
GPF Witthayu Tower B
93/1 Wireless Road
Patumwan, Bangkok 10330
Tel: + 66 (0)2 665 7800
Fax: + 66 (0)2 665 7888
All references to ‘Watson, Farley & Williams’ and ‘the firm’ in this brochure mean Watson, Farley & Williams LLP
and/or its affiliated undertakings. Any reference to a 'partner' means a member of Watson, Farley & Williams
LLP, or a member or partner in an affiliated undertaking, or an employee or consultant with equivalent standing
and qualification.
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