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