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Bracewell (UK) LLP

TOWER 42, 25 OLD BROAD STREET, LONDON, EC2N 1HQ, ENGLAND
Tel:
Work 020 7448 4200
Fax:
Fax 020 7657 3124
Email:
Web:
www.bracewell.com

London: Dispute resolution

Commercial litigation
Commercial litigation - ranked: tier 7

Bracewell (UK) LLP

Bracewell (UK) LLP launched an energy disputes practice in late 2017 through the hiring of partners Damian Watkin and John Gilbert from McDermott Will & Emery UK LLP and K&L Gates LLP, respectively. The office focuses on emerging economies such as those in Africa, the Middle East and Latin America, as well as the more developed markets of the UK and continental Europe.

Practice head(s):John Gilbert; Damian Watkin

Key Clients

Dana Petroleum

Aqua Ventures International FZE

Work highlights

  • Acted for Dana Petroleum in a dispute surrounding the ability of an operator under North Sea joint operating agreements to recover certain acquisition costs from non-operating parties.

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International arbitration
International arbitration - ranked: tier 7

Bracewell (UK) LLP

Bracewell (UK) LLP's London office launched an energy disputes practice in late 2017 with the arrival of energy disputes partners Damian Watkin and John Gilbert from McDermott Will & Emery UK LLP and K&L Gates LLP, respectively. In addition to the UK and continental Europe, the office focuses on emerging economies, such as those in Africa, the Middle East and Latin America. Senior associate Robert Meade was hired from Ashurst in 2018.

Practice head(s):John Gilbert; Damian Watkin

Other key lawyers:Robert Meade 

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London: Finance

Bank lending: investment grade debt and syndicated loans
Bank lending: investment grade debt and syndicated loans - ranked: tier 5

Bracewell (UK) LLP

Although it is much narrower in scope than many of its higher-ranked peer firms, Bracewell (UK) LLP has a 'very strong reputation' for energy-related financings. Team head Jason Fox focuses on the upstream oil and gas sector and has a huge market share on behalf of banks and borrowers in the reserve-based lending space.

Practice head(s):Jason Fox

Other key lawyers:Olivia Caddy; Oliver Irwin; Eimear Murphy

Key Clients

Goldman Sachs

BNP Paribas

Natixis

ING Bank

Societe Generale

Premier Oil

Seplat Petroleum

Neptune Energy

Cheiron Petroleum

Shoreline Natural Resources

Eland Oil & Gas

Work highlights

  • Advised Neptune Energy in connection with the debt financing aspects of the $3.9bn acquisition of a majority stake in ENGIE E&P International.
  • Advised Shoreline Natural Resources on a $534m financing.
  • Advised Seplat Petroleum Development Company plc in connection with a $300m revolving credit facility agreement.
  • Advised Société Générale as documentation bank and lead arranger on a reserve based financing for Zennor Petroleum.
  • Advised Mazoon Petrogas SAOC as borrower under a reserve-based financing of oil and gas assets in Oman arranged by HSBC, ING Bank, Arab Banking Corporation and Oman Arab Bank.

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Emerging markets
Emerging markets - ranked: tier 2

Bracewell (UK) LLP

Bracewell (UK) LLP's London office is dedicated exclusively to the energy sector. It handles both litigation and financing matters in emerging economies in Africa, the Middle East and Latin America, as well as the developed markets of the UK and continental Europe. The firm remains at the forefront of market development and increasingly acts for global private equity houses as they invest in the oil and gas sector. The firm is also active in the floating LNG industry, having acted for Ophir Energy in the development of its Fortuna floating LNG project in Equatorial Guinea, and is involved in a number of energy storage projects in emerging markets, including a project in the Middle East on which it advised the European Bank for Reconstruction and Development. In 2018, energy finance partner Oliver Irwin joined from Milbank to work alongside leading lights Jason Fox and Olivia Caddy. Senior associate Eimear Murphy is a rising star.

Practice head(s):Jason Fox

Other key lawyers:Olivia Caddy; Oliver Irwin; Eimear Murphy

Key Clients

Goldman Sachs

BNP Paribas

Natixis

ING Bank

Societe Generale

Premier Oil

Seplat Petroleum

Neptune Energy

Cheiron Petroleum

Shoreline Natural Resources

Eland Oil & Gas

Work highlights

  • Advised Neptune Energy in connection with debt financing aspects of the $3.9bn acquisition of a majority stake in ENGIE E&P International, which included a portfolio of upstream assets in the UK, Netherlands, Norway, Germany, Indonesia, Algeria, Egypt and Azerbaijan.
  • Advised Shoreline Natural Resources on a $534m financing led by Vitol secured against assets in Nigeria.
  • Acted for the Cheiron Petroleum Group in closing the financing of its acquisition, following its successful bid for a 50 percent operated interest in the onshore Cardenas and Mora fields in Mexico partnering Pemex the Mexican state oil company.
  • Advised Seplat Petroleum Development Company Plc (Seplat), a leading Nigerian indigenous oil and gas company listed on both the Nigeria Stock Exchange and London Stock Exchange, in connection with a $300m revolving credit facility agreement to refinance a range of previous debt arrangements
  • Advising Mazoon Petrogas SAOC as borrower under a reserve based financing of oil and gas assets in Oman arranged by HSBC, ING Bank, Arab Banking Corporation and Oman Arab Bank.
Leading individuals

Jason Fox - Bracewell (UK) LLP

Rising stars

Eimear Murphy - Bracewell (UK) LLP

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London: Projects, energy and natural resources

Infrastructure (including PFI and PPP)
Next Generation Partners

Oliver Irwin - Bracewell (UK) LLP

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Oil and gas
Oil and gas - ranked: tier 2

Bracewell (UK) LLP

Bracewell (UK) LLP has a traditional and well-established strength in the transactional space of the oil and gas sector, which is complemented by its  growing dispute resolution sub-team. Recently, the firm has been actively involved in the private equity space, as demonstrated by its advice to the Carlyle Energy Fund and CVC Capital on a $2bn reserve-based lending facility to support the acquisition by Neptune Energy of a global oil and gas portfolio from Engie. Upstream sector specialist Jason Fox leads the team, while Adam Blythe has expertise in African and cross-border transactions. Oliver Irwin joined the firm from Milbank to strengthen the financing offering and Nina Howell arrived as a partner from Bracewell (UK) LLP.

Practice head(s):Jason Fox

Other key lawyers:Tracy London; Oliver Irwin; Adam Blythe; Darren Spalding

Key Clients

Ophir Energy

Alcazar Energy Partners

Genel Energy

Premier Oil PLC

Bank of Tokyo Mitsubishi, Societe Generale, Nochu Bank

European Bank for Reconstruction and Development

Equinor (previously known as Statoil)

Neptune Energy

EOG Resources

Eni SPA

Work highlights

  • Collaborated with the Houston office to assist Cheiron Petroleum Group with its first upstream debt transaction for an independent oil and gas company in the newly deregulated Mexican market.
  • Advised Neptune Energy in connection with the debt financing aspects of the $3.9bn acquisition of a majority stake inEngie E&P International.
  • Advising Sumitomo Mitsui Corporation Europe Limited and the lead arranger and documentation bank for the syndicate of lenders on a reserve-based facility to Trident Energy.
  • Advised Eni on the sale of a 10% interest in the upstream petroleum concession in Egypt containing the super-giant Zohr gas field.
  • Advising Savannah with respect to the restructuring of the commercial arrangements with the current operator, Frontier Limited, and the PE investment of a South Africa-based infrastructure fund, in relation to both the upstream and midstream businesses at the Uquo Marginal Field.
Leading individuals

Jason Fox - Bracewell (UK) LLP

Next Generation Partners

Adam Blythe - Bracewell (UK) LLP

Nina Howell - Bracewell (UK) LLP

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Power (including electricity, nuclear and renewables)
Power (including electricity, nuclear and renewables) - ranked: tier 3

Bracewell (UK) LLP

Bracewell (UK) LLP, which is exclusively focused on the energy sector, broadened its offering in late 2017 with the launch of an energy disputes practice spearheaded by John Gilbert and Damian Watkin, who joined from K&L Gates LLP and McDermott Will & Emery UK LLP respectively. Their arrivals were followed by the hire of energy finance specialist Oliver Irwin from Milbank. The London office has a particular focus on work in emerging economies including Africa, the Middle East and Latin America, while it also advises private equity houses on acquisitions in the energy sector.

Other key lawyers:Oliver Irwin; Martin Stewart-Martin

Key Clients

Equinor (previously known as Statoil)

Alcazar Energy Partners

Fotowatio Renewable Ventures (FRV)

Société Générale

Nochu Bank

Bank of Tokyo Mitsubishi UFJ

Arabia Trading and Consulting Company

Obton A/S

European Bank for Reconstruction and Development

Ahli United Bank

Arab Banking Corporation

Mashreq Bank

National Bank of Bahrain

National Bank of Kuwait

Work highlights

  • Advising Alcazar Energy Partners on the project development of its Al Shobak wind farm project in Jordan.
  • Advising Equinor on its tender arrangements for commercial contracts including the contracts for supply and installation of the wind turbine generators for the Empire Wind Project.
  • Advising FRV in connection with a ‘Design, Build, Operate and Transfer‘ contract with the Water Authority of Jordan for a 50MW solar project in Jordan.
  • Advised on the acquisition of Hydro-Electric Power Station and Project Development Rights in Rwanda.
  • Advising EBRD in relation to a 30MW/60MWH energy storage project in Jordan.

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London: Real estate

Contruction: non-contentious
Contruction: non-contentious - ranked: tier 5

Bracewell (UK) LLP

Bracewell (UK) LLP has strong expertise in the energy sector, covering both conventional and renewables work, while also working on energy storage projects. The firm's focus is on the developing markets of Africa, the Middle East and Latin America. Tracy London leads the team, and recently advised Equinor on the contracts for the supply and installation of wind turbine generators for the £2.35bn offshore Empire Wind Project.

Practice head(s):Tracy London

Key Clients

Equinor

Ophir Energy

Alcazar Energy Partners

EOG Resources

Fotowatio Renewable Ventures (FRV)

Société Générale

Nochu Bank

Bank of Tokyo Mitsubishi UFJ

Arabia Trading and Consulting Company

European Bank for Reconstruction and Development

Work highlights

  • Advised Ophir Energy in relation to the engineering, procurement, construction, installation and commissioning contracts, and operation and maintenance aspects via inspection, maintenance and repair contracts of its floating LNG project in Equatorial Guinea.
  • Advising Alcazar Energy Partners in connection with drafting and negotiating contracts for its project financing of its Al Shobak wind farm project in Jordan.
  • Advising Equinor on its tender arrangements for commercial contracts including the contracts for supply and installation of the wind turbine generators for the Empire Wind Project.
  • Advising Fotowatio Renewable Ventures in connection with the drafting and negotiating a series of documents, contracts and agreements.

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Further information on Bracewell LLP

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