Bracewell LLP, Projects & Energy | Chambers Global Profile

About

Provided by Bracewell LLP

Bracewell's London and Dubai offices focus 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. During the course of the last year, Bracewell has advised on a range of impressive matters, including:

Projects:

Acting as international counsel to the mandated lead arrangers and lenders, comprised of Absa Bank Limited and the Mauritius Commercial Bank Limited, on the financing of the acquisition by Infinity Renewables Energy B.V. (a 100 percent subsidiary of Infinity Power Holdings BV, which is a joint venture between Cairo-based Infinity Energy and Abu Dhabi-based Masdar group) of Lekela Power B.V., the owner and operator of over 1 GW of operational wind projects across Africa.
Advised Egyptian Refining Company (Takrir) S.A.E. in relation to a major restructuring of their project financing required because of COVID-19’s drastic impact on ERC’s refining margins. The firm also leads the advice to Egyptian Refining Company (ERC) in relation to the settlement of disputes with the EPC contractor.

Energy:

Advising 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 la.
Advising Impact Oil & Gas on the proposed sale of its Namibian assets.

Chambers Review

Provided by Chambers

Projects & Energy: Oil & Gas - Africa-wide

Band 2

What the Team is Known For

The London office of Bracewell is well known for its comprehensive and wide-ranging energy practice, which has longstanding capabilities in oil and gas. The firm's lawyers are regularly mandated on transactions relating to hydrocarbon assets in Western, Central and Eastern Africa. The team is well reputed for its handling of upstream deals, including interest and asset acquisitions, as well as assisting with corporate and debt restructuring. It is further well equipped to handle contentious proceedings arising from energy projects.

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Work Highlights

Provided by Bracewell LLP

A Bracewell team advised the senior lenders, represented by Citibank and The Standard Bank of South Africa, on the finance package for Seplat Energy's acquisition of a stake in Mobil Producing Nigeria from ExxonMobil.

Strengths

Provided by Chambers

"The beauty of working with Bracewell is that we are able to benefit from significant partner time but they also know when to include junior members to ensure there is a seamless but efficient closing."