Oil & Gas - Watson, Farley & Williams

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• 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 <strong>Oil</strong> 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 37
Page 1 and 2: Oil & Gas September 2009 Watson, Fa
Page 3 and 4: Our approach Watson, Farley & Willi
Page 5 and 6: Oil & gas experience We provide a c
Page 7 and 8: • Advising Eclipse Energy Company
Page 9 and 10: shareholders to raise £70m making
Page 11 and 12: • Advising Middlesex Holdings Plc
Page 13 and 14: The deal was structured as a cross
Page 15 and 16: • Acting for Kuwait Foreign Petro
Page 17 and 18: • Advising the purchaser on the p
Page 19 and 20: • Advising Innogy on the disposal
Page 21 and 22: • Acting for the owner in connect
Page 23 and 24: • Advising Amerada Hess Limited o
Page 25 and 26: • Advising a US offshore contract
Page 27 and 28: • Advising the lender on a $260m
Page 29 and 30: involved the drafting and negotiati
Page 31 and 32: • Advising Moscow Oil Refinery in
Page 33 and 34: • Acting for Congolese interests
Page 35: commercial arrangements, including
Page 39 and 40: • Advising Trafigura Pte Ltd on,
Page 41 and 42: the FPF and FSU and all other subco
Page 43: Our offices London Watson, Farley &

Oil & Gas - Watson, Farley & Williams

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