Transactions: Energy & Natural Resources
Energy & Natural Resources
  • Advised and carried out due diligence and transactional advisory services for a consortium of energy companies with respect to its bid in acquiring power distribution assets in the on-going Nigerian electricity sector privatization process.
  • Advised the consortium of Ocean Energy Nigeria Ltd/Pioneer Resources Africa Ltd/Environmental Remediation Holding Corporation on the successful bid for Block 3 in the Nigerian/Sao-Tome & Principe Joint Development Zone Licensing Rounds 2004.
  • Advised Ocean Energy Nigeria Limited (a subsidiary of Devon Energy Corporation, USA) in its acquisition and divestment in OPL 256 and PSC for deep-water offshore block 242, including Rig and Drilling Arrangements, labor, taxation and fiscal issues arising out of the company‟s merger and corporate restructuring.
  • Advised Crownwell Petroleum Development Company Ltd on its corporate restructuring, oil and gas assets acquisitions, and exploration and production arrangements in respect of OPLs 305 & 306.
  • Acted as Transaction Solicitor and Due Diligence Adviser to a Special Purpose Vehicle (SPV) Company set up to acquire Shell‟s participatory interest in a Nigerian Oil Mining Lease. We negotiated, reviewed and advised on several transactional documents including the Sale and Purchase Agreement, Crude Handling Agreement, Escrow Agreement, Joint Operating Agreement, Shareholders Agreement (governing the relationship of the Local and Foreign Shareholders to the SPV), Loan Note Deed Poll, and Technical Services Agreement. This transaction was valued at over US$800 Million.
  • Advised on a Rig and Drilling Contract in respect of oil well production operations for a Marginal Field in the Niger Delta. The transaction was valued at over US$40 Million. This transaction included the review of an Oil Field Service Contract for the provision of Directional Drilling, Measurement While Drilling & Logging While Drilling Services.
  • Advised an indigenous E&P company on its Farm-in Agreement and oil field service arrangements.
  • Advised an indigenous Power Generation company on the acquisition of strategic generation assets in the on-going power sector privatization in Nigeria including the company‟s Technical Cooperation Agreement with an International EPC Company.
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