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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

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