Bracewell (UK) LLP > London, England > Firm Profile

Bracewell (UK) LLP
TOWER 42
25 OLD BROAD STREET
LONDON
EC2N 1HQ
England

Industry focus > Emerging markets Tier 2

Bracewell (UK) LLP 'has a unique combination of deep knowledge of the main legal challenges of emerging markets, negotiation skills and the ability to implement solutions that address exactly the client's concern'. Since opening its London office in 2013, the firm has attracted more than 100 clients from the energy sector, on which it is exclusively focused. It is a leading adviser on financings, acquisitions and project developments in the oil and gas industry, though it is increasingly prominent in deals concerning wind, solar, battery storage and carbon capture projects. Jason Fox leads the practice and acted for Africa Oil Corp. on the refinancing of its existing $160m term facility with BTG Pactual to finance the acquisition of an interest in Prime Oil & Gas from Petrobras. Up-and-coming partners Oliver Irwin and Eimear Murphy are recommended for cross-border financings and upstream oil and gas transactions respectively. Olivia Caddy and Tom Jamieson also has extensive project development and finance experience in the energy sector. Energy partner Adam Blythe is 'extremely knowledgeable and can identify the best legal instrument to address the challenges of the transactions'.

Practice head(s):

Jason Fox

Other key lawyers:

Oliver Irwin; Eimear Murphy; Tom Jamieson; Olivia Caddy; Adam Blythe

Testimonials

‘The Bracewell team has a unique combination of deep knowledge of the main legal challenges of emerging markets, negotiation skills and ability to implement solutions that address exactly the client’s concern. Their contribution has been key to close complex transactions efficiently but also achieving our objectives.’

‘Adam Blythe is extremely knowledgeable and can identify the best legal instrument to address the challenges of the transactions.’

‘Outstanding knowledge of West African countries.’

‘Tom Jamieson is always on hand to provide sound advice and to get the deal done.’

Key clients

Savannah Energy Plc

Marubeni Corporation and Kyushu Electric

Egyptian Refining Company

Fotowatio Renewable Ventures

Africa Oil Corp. and certain of its affiliates

Lenders to a bidding consortium

New Age

BP Exploration Operating Company Limited and Eni S.p.A.

Seplat Energy PLC

Lenders to a consortium led by Utico

European Bank for Reconstruction and Development

Citibank N.A., London Branch, and Standard Bank

Alcazar Energy Partners

Marubeni Corporation and Al Jomaih Energy and Water Company

Lenders to the Jinko Power consortium

Total Solar and Tamasuk

Work highlights

  • Representing Savannah Energy Plc in its acquisition of Exxon and Petronas’ entire interests in the Doba oil field in Chad and their shareholding in the Chad-Cameroon Pipeline and Floating, Storage and Offloading vessel for a total consideration of up to $676 million.
  • Representing the Marubeni and Kyushu Electric consortium in connection with its bid for an integrated 100 MIGD water and 2,600 MW Facility E power plant in Qatar.
  • Advising Fotowatio Renewable Ventures (FRV) in connection with the project financing of a 55 MW Solar PV project in Armenia.

Projects, energy and natural resources > Oil and gas Tier 2

The oil and gas team at Bracewell (UK) LLP is very experienced and active in emerging markets, such as Africa and the Middle East, and also handles projects in the UK and continental Europe. It acts for high-profile international clients on financings, acquisitions and project development. Practice head Jason Fox is an energy finance lawyer with over 35 years’ experience in the industry and a focus on upstream transactions. Adam Blythe advises on deals in the upstream, midstream and downstream sectors, and also handles commercial matters. Olivia Caddy is a name to note for debt financing work and Ben James advises on the development, sale, purchase and financing of oil and gas assets. Ronen Lazarovitch joined from Freshfields Bruckhaus Deringer LLP in March 2021.

Practice head(s):

Jason Fox

Other key lawyers:

Darren Spalding; Alastair Young; Eimear Murphy; Adam Blythe; Olivia Caddy; Ronen Lazarovitch

Testimonials

‘The firm is small (in London) but with real sector expertise in oil and gas’.

‘Jason Fox is world class, top of the field. The lawyer you want on your side. Huge repository of previous deal experience essential for navigating complex financing challenges’.

‘The Bracewell team has a unique combination of deep knowledge of the main legal challenges of emerging markets, negotiation skills and ability to implement solutions that address exactly the client’s concern’.

‘Their contribution has been key to close complex transactions efficiently but also achieving our objectives’.

‘Adam Blythe is extremely knowledgeable and can identify the best legal instrument to address the challenges of the transactions’.

‘Bracewell’s combination of oil & gas focus and significant disputes experience differentiates them from a number of their peers’.

‘The team, from associate all the way up to partner, are knowledgeable and experienced’.

‘Adam Blythe has an extremely good understanding of the commercial dynamics of both oil and gas as an industry, as well as the specific considerations in M&A scenarios’.

Key clients

Aramco Trading Limited

BP Exploration Operating Company Limited and Eni S.p.A.

Citibank N.A., London Branch, and Standard Bank (as documentation banks) on behalf of the senior lenders

Beacon Offshore Energy and Navitas Petroleum

Egyptian Refining Company

Impact Oil and Gas Limited

NEO Energy Group Limited

New Age

Noreco Oil Denmark A/S

Petraco Oil Company Limited

Savannah Energy Plc

Seplat Energy PLC

Work highlights

  • Advised Aramco Trading Limited on its supply and offtake arrangements with Klesch Group at the Kalunborg refinery and Hedehusene terminal in Denmark.
  • Advising the Eni S.p.A. and BP Exploration Operating Company Limited in connection with a senior secured term loan facility which is structured as a pre-export financing.
  • Advised Beacon and Navitas on the financing of the development and operation of the Shenandoah field in the US Gulf of Mexico. This is the largest project financing for an oil and gas project ever raised in the United States.

Projects, energy and natural resources > Power (including electricity, nuclear and renewables) Tier 3

Bracewell (UK) LLP, overseen by managing partner Jason Fox  , focuses on emerging economies such as those in Africa and the Middle East with an excellent reputation in financings, acquisitions and project developments. Recent highlights include representing Eni on its acquisition of an offshore wind farm project from Equinor and SSE. Tracy London  focuses on negotiating procurement and construction contracts while Oliver Irwin  advises lenders and sponsors on the development of cross-border projects. Tom Jamieson has extensive project finance experience while Gordon Stewart advises financial investors.

Practice head(s):

Jason Fox

Other key lawyers:

Tracy London; Oliver Irwin; Tom Jamieson; Gordon Stewart

Key clients

Eni S.p.A

Total Solar and Jinko Solar consortium

Lenders to the Jinko Power consortium

Marubeni Corporation and Kyushu Electric

Marubeni Corporation and Al Jomaih Energy and Water Company

Alcazar Energy Partners

Fotowatio Renewable Ventures

Harmony HB Limited

Alcazar Energy Partners

Early Power Limited

Tè Power Company S.A.S.U.

Northern Powergrid Holdings Company

Jinko Power

Work highlights

  • Advised Eni S.p.A. with respect to its acquisition of a 20 percent interest in the Dogger Bank (A and B) 2.4 GW.
  • Advised Early Power Limited in relation to Stage 1A of the Bridge Power Project.
  • Advised Fotowatio Renewable Ventures in connection with the project financing of a 55 MW Solar PV project in Armenia.

Projects, energy and natural resources > Infrastructure Tier 4

Bracewell (UK) LLP  advises on financing and corporate work in the energy sector, with the London team often acting in collaboration with lawyers in its international network on cross-border mandates. Jason Fox heads the practice, which includes Oliver Irwin and Ro Lazarovitch, who joined from Freshfields Bruckhaus Deringer LLP in March 2021.

Practice head(s):

Jason Fox

Other key lawyers:

Testimonials

‘Really commercial team, focused on the legal aspects but in a manner that benefits the whole transaction and does not hinder it’.

‘We choose carefully when we include lawyers in our processes but I can honestly say that including the team at Bracewells has only ever been additive’.

Oliver Irwin  – extremely reliable and with sound business approach.’

Key clients

Eni S.p.A.

Alcazar Energy Partners

Aqua Ventures International, Nomura and Black Forest

BP Exploration Operating Company Limited and Eni S.p.A.

Egyptian Refining Company (Takrir) S.A.E.

Fotowatio Renewable Ventures

Harmony HB Limited

Lenders to the Jinko Power consortium

Hellas Gold Single-Member S.A.

Savannah Energy Plc

Lenders to a bidding consortium

Marubeni Corporation and Al Jomaih Energy and Water Company

Marubeni Corporation and Kyushu Electric

Total Solar and Tamasuk

Utico

Work highlights

  • Advising Eni S.p.A. with respect to its acquisition of a 20 percent interest in the Dogger Bank (A and B) 2.4 GW and in its agreement to acquire a 20 percent interest in the Dogger Bank C 1.2 GW offshore wind farm project from Equinor and SSE.
  • Continuing to advise Alcazar Energy Partners in connection with its project financing  of (1) four solar 50 MW projects in Egypt being procured in Round 2 of the Renewable Energy Feed-in-Tariff Program; (2) the Al Shobak wind farm project in Jordan being procured in Round 2 of Jordan’s renewable energy programme; and (3) the Al Rajef wind project in Jordan.
  • Representing Aqua Ventures International, Nomura and Black Forest in the sale of Aqua Comms DAC, a digital infrastructure company that owns transatlantic and regional subsea cables, to Digital 9 Infrastructure plc.

Finance > Bank lending: investment grade debt and syndicated loans Tier 5

Exclusively focused on handling energy-related financings, including in an M&A and projects perspective, Bracewell (UK) LLP is ‘able to leverage deep market knowledge to guide the commercial decisions and provide bespoke solutions’ to lenders and borrowers relating to transactions in developed and emerging markets. Under the leadership of Jason Fox, the firm remains best-known for its oil and gas financing expertise, including advice on upstream reserve based financing transactions. However, it has successfully pivoted to reflect its clients’ needs to handle a considerable amount of renewables mandates. Well-versed at advising on multi-sourced project financings, Oliver Irwin provides ‘very sound and reliable advice’ to lenders and sponsors on complex and often first-of-kind financings in the energy sector.

Practice head(s):

Jason Fox

Other key lawyers:

Olivia Caddy; Oliver Irwin; Eimear Murphy; Ronen Lazarovitch

Testimonials

‘They specialize in natural resources and have deep knowledge of the mining sector.’

‘They have experience, are responsive, flexible and find ways to support us in a very complex mining financing transaction.’

‘The team is devoted to the satisfaction of the client’s needs and can leverage a deep knowledge of the market to guide the commercial decisions and provide bespoke solutions.’

‘Oliver Irwin has provided a decisive contribution in very complex groundbreaking transactions. He has an unparalleled ability to understand the client’s needs and to provide very sound and reliable advice to fulfill them.’

Ro Lazarovitch is probably the best external counsel I’ve worked with. He has great experience, is extremely responsive and always to the point, he understands the client needs and provides advice that best fits the project.’

Key clients

Energean

Citibank

The Mauritius Commercial Bank Ltd

Petraco Oil Company Limited

European Bank for Reconstruction and Development

Beacon Offshore Energy Development L.L.C and Navitas Petroleum (Navitas)

BP Exploration Operating Company Limited and Eni S.p.A

Seplat Energy Plc / Eland Oil and Gas Limited

Africa Oil Corp.

NEO Energy Group Limited

Noreco Oil Denmark A/S

Marubeni Corporation and Al Jomaih Energy and Water Company

SDX Energy plc

Egyptian Refining Company

Work highlights

  • Advising the mandated lead arrangers and the lenders on the reserved based financing to Energean PLC, a London Premium Listed FTSE 250 and Tel Aviv 35 Listed gas-focused E&P company in the Eastern Mediterranean.
  • Advised Beacon and Navitas on the financing of the development and operation of the Shenandoah field in the US Gulf of Mexico.
  • Advised The Mauritius Commercial Bank with respect to a $39m receivables purchase financing relating to an $84m prepayment facility between the borrower as supplier and a buyer supporting a contract pertaining to sale and purchase of commodities in India.

Real estate > Construction: non-contentious Tier 5

Bracewell (UK) LLP offers construction expertise in energy matters, particularly in the oil and gas sector, as well as in in renewable energy and sustainability matters. The team is led by Tracy London, who has a strong focus on wind, solar, hydro, and biomass projects, as well as LNG matters.

Practice head(s):

Tracy London

Other key lawyers:

Ronen Lazarovitch

Key clients

Tè Power Company S.A.S.U.

Alcazar Energy Partners

Early Power Limited

EOG Resources

GEA Group

Anglo Tunisian Oil & Gas

Work highlights

  • Advising Tè Power Company S.A.S.U. in relation to its 50 MW greenfield power plant under construction in Conakry, Republic of Guinea.
  • Advising Alcazar Energy Partners in connection with its project financing of four solar 50 MW projects in Egypt, the Al Shobak wind farm project in Jordan, and the Al Rajef wind project in Jordan.
  • Advising Early Power Limited in relation to Stage 1A of the Bridge Power Project which is the first phase (202 MW) of a 424 MW multi-stage integrated gas-to-power thermal generation plant in Ghana, 16 miles east of Accra.

Dispute resolution > Commercial litigation: premium Tier 6

Bracewell (UK) LLP‘s ‘specialist team‘ has carved out a recognised niche for itself, as the only London office of an international firm which is exclusively dedicated to the energy sector; the group consequently offers ‘real expertise in energy disputes at all stages of such projects‘. John Gilbert heads up the practice, and regularly acts in litigious mandates relating to oil and gas exploration, pipeline operation, and power generation.

Practice head(s):

John Gilbert

Other key lawyers:

Alistair Calvert; Robert Meade; Laura Young; Jameela Bond

Testimonials

‘They pay attention to detail and are readily available.’

‘Alistair Calvert is hands on with commercial, savvy advice.’

‘Excellent practice, with a particular specialism in oil & gas and energy matters.’

‘Alistair Calvert will be one of the standout lawyers in the market in years to come. Jameela Bond is a first-class practitioner, surely destined for partnership very soon.’

‘This is a small, specialist team with real expertise in energy disputes at all stages of such projects.’

‘John Gilbert is a highly personable, very experienced and hard-working litigator.

‘Laura Young is an up and coming lawyer, who has shown great promise in the energy sphere.’

Key clients

Aqua Ventures International FZE (AVI)

Apache North Sea Limited

Savannah Energy Plc

Work highlights

  • Acted for Aqua Ventures International FZE and eight individual co-defendants in English High Court proceedings commenced by Equitix EEEF Biomass 2, arising from the sale of a biomass plant in Lincolnshire.
  • Acted for Apache North Sea in defence of English High Court proceedings brought by Schlumberger Oilfield UK, claiming that amounts were due to it in respect of electric submersible pumps that it supplied to the client for use in the Forties Field, UK North Sea.

Dispute resolution > International arbitration Tier 6

Focused on Africa and the Middle East, as well as the UK and continental Europe, Bracewell (UK) LLP‘s ‘excellent litigation and arbitration practice‘ is exclusively dedicated to the energy sector. John Gilbert acts in disputes concerning oil and gas exploration and production, the construction and operation of pipelines, and the downstream sector; and the practice of energy specialist Alistair Calvert encompasses complex international arbitrations. Robert Meade is a recently-promoted partner, while Jameela Bond is ‘a first-class senior associate‘.

Practice head(s):

John Gilbert

Testimonials

‘Excellent litigation and arbitration practice, with a particular specialism in oil and gas and energy matters.’

‘Bracewell’s combination of its oil and gas focus and significant disputes experience differentiates them from a number of its peers. The team, from associate all the way up to partner, are knowledgeable and experienced.

‘Its availability is a key advantage and it always has a client-first mentality.’

‘John Gilbert is an excellent disputes lawyer – he brings a diversity of views to the table when preparing a case; and when engaging with the counterparty, he is able to argue the strands of the argument that are being put forward confidently and coherently.’

‘In complicated arbitration cases with a number of strands, John Gilbert is excellent at assimilating various pieces of information in order to construct a holistic argument.

‘Alistair Calvert will be one of the standout lawyers in the market in years to come.’

‘Robert Meade was the backbone of a recent case – from liaising both internally and with Danish counsel, he pushed the case forward at every opportunity. His progression from senior associate to partner is well deserved.’

‘Senior associate Jameela Bond is a first-class senior associate, who is surely destined for partnership very soon.’

Key clients

Aqua Ventures International FZE

Apache North Sea

Savannah Energy

Work highlights

  • Acted for Aqua Ventures International FZE, and eight individual co-defendants, in proceedings that were commenced by Equitix EEEF Biomass 2, in relation to the sale of a biomass plant in Lincolnshire.
  • Acted for Apache North Sea  in defence of proceedings brought by Schlumberger Oilfield UK, which claimed that amounts were due to it for electric submersible pumps that it supplied to Apache for use in the Forties Field.
  • Representing Savannah Energy in its acquisition of Exxon and Petronas’ entire interests in the Doba oil field in Chad and their shareholding in the Chad-Cameroon pipeline and floating, storage and offloading vessel, which includes advising on pending arbitration .

The firm: Bracewell is a leading law and government relations firm primarily serving the energy, infrastructure, finance and technology industries throughout the world. Our industry focus results in comprehensive state-of-the-art knowledge of the commercial, legal and governmental challenges faced by our clients and enables us to provide innovative solutions to facilitate transactions and resolve disputes.

Principal areas of work: Bracewell (UK) LLP’s London office has established a unique position in the London legal market. It is the only London office of an international law firm that is dedicated exclusively to the energy industry.

Our London team focuses on mergers and acquisitions, joint ventures, finance and project development transactions, and disputes in the oil, gas and power sectors. As the hub of the firm’s European and emerging markets practice, we represent many of the world’s leading energy companies on global projects and have assisted multinational companies, banks and government on projects across the globe.

Oil and gas: We advise on all segments of the sector, from upstream exploration and production, to midstream pipelines, transportation and storage, including LNG and downstream refining and marketing. We also provide advice on complex and large-scale petrochemical projects.

Power: We have acted on some of the world’s largest and most innovative conventional power projects. Our experience also comprises deep knowledge of the renewables sector, including solar, wind, hydro and thermal. Our representations include M&A, project development and financing, and conventional and non-conventional power disputes.

Finance: Lenders, underwriters, issuers and borrowers turn to Bracewell’s finance team for our extensive capabilities to assist with high-level and complex financing deals. We advise sponsors and lenders in financings of all forms, including reserve based financings and project financings, corporate loans, capital market debt and restructurings and workouts.

Transactional and international energy disputes: Bracewell handles matters spanning the full energy spectrum. Our capabilities span from the wellhead to market, in emerging and developed markets, on new country entries, asset acquisitions, project developments, farm-ins, corporate M&A, project financings and upstream financings. We act for (and opposite) development finance institutions and export credit agencies.

Clients:
Representative clients include Apache Corporation, Africa Oil, BP, Carlyle International Energy Partners, Citi, Deutsche Bank, ENI, Genel Energy, Hunt Oil, Impact Oil and Gas Ltd, lNG Bank, NEO Energy, Savannah Petroleum, Seplat, Société Générale, Total Solar and Vargronn AS.

DepartmentNameEmailTelephone
Firm managing partner Gregory Boppgreg.bopp@bracewell.com+1.713.221.1511
Managing partner Jason J Foxjason.fox@bracewell.com+44.(0).207.448.4206
Number of UK partners : 16
Number of other UK fee-earners : 19