LONDON ENERGY TEAM We Know Energy®

Entirely Energy. Bracewell LLP is a leading law and government relations firm serving the oil and gas, power, financial services, technology and public finance industries throughout the world. Our industry focus enables us to maintain cutting-edge experience and in-depth knowledge of the commercial, legal and regulatory challenges faced by our clients so that we can provide the most e ective legal solutions to facilitate transactions and resolve disputes.

The London o ice of Bracewell is exclusively dedicated to the energy sector. Our team is comprised of leading energy lawyers and we have developed an o ering which we believe is unique and beneficial to our clients.

We focus on mergers and acquisitions, joint ventures, finance, project development and construction. Our team has acted on a number of the largest energy projects and M&A transactions across the globe. Our London-based practice. Helping drive the world’s energy industry.

Bracewell’s insight and experience across the entire energy sector means we can create meaningful solutions to answer complex legal challenges e iciently and accurately.

We have experience acting for super majors, large independents, mid-caps, start-ups, governments, trading houses, equity investors and banks. This breadth of client base means that we understand the commercial drivers of our clients, their partners and counterparties, as well as the key issues and trends facing the industry.

Bracewell is a global leader in the oil and gas industry. We advise our clients around the world on the development, acquisition and disposal and financing of their oil and gas assets across the value chain.

The Bracewell London team has a unique depth of experience of the reserve-based lending (RBL) financing market and our team has advised on RBL financings spanning a period of some 30 years.

Our London team also features internationally recognised and experienced lawyers who are focused on all aspects of the power industry, from early stage project development, through to project financing, acquisitions and disposals, regulation and market reform.

We are delighted that our e orts have been recognised by a number of leading awards, including:

2017 Firm (Specialism) of the Year: Projects, Energy and Natural Resources – Oil and Gas, The Legal 500 U.K.

2015 Legal Services Provider of the Year, Petroleum Economist Awards

2014 Energy and Natural Resources Team of the Year, The African Legal Awards Oil and Gas Transactions and Projects

Our oil and gas team advises across the oil and gas value chain, from wellhead to market. We work with our clients on upstream exploration and production, financings, trading and commercialisation, transportation and storage, LNG liquefaction and regasification, marketing, and petrochemical and refining projects.

Our recent notable matters include advising on the following:

Apache Corporation Etablissements Maurel & Prom Sonatrach Gas Marketing UK $800 million sale of its entire Argentina SA Ltd business to YPF Gas commercialisation projects at Mnazi Phases 1 and 2 of the Isle of Grain LNG Transfer of its operated interest in the Bay and Mkuranga in Tanzania terminal SAGE and Beryl pipeline system in the North Sea and associated gas processing terminal to Ancala Partners Impact Oil & Gas Ltd JKX Oil & Gas plc Sale of its interest in the Scott and Takeover of Black Star Petroleum Upstream asset swap transaction in Hungary with HHE Telford oil fields in the North Sea to Acquisition of assets in Namibia and Edison Gabon Acquisition of upstream asset in VTTI Energy Partners LP Eni S.p.A. Senegal/Guinea Bissau AGC and subsequent farm-down to Nexen Acting for the Conflicts Committee Sale of interests in Egypt’s super-giant in relation to MLP “drop down” Zohr field to Rosne for $1.125 billion transactions for an aggregate of $170 and BP for $375 million million and the “take private” buyout of ConocoPhilips Company public unitholders Sale of significant midstream pipeline Ophir Energy plc infrastructure San Leon Energy plc $2 billion floating LNG project o shore AIM placing and shale play transaction Equatorial Guinea, including host EOG Resources, Inc. government arrangements, LNG sales in Poland agreements, chartering agreements, Expansion and development of its joint venture arrangements, project upstream oil and gas business in financing, and construction Trinidad, including the acquisition of assets from BP

Genel Energy plc Rhino Resources, Ltd Development and commercialisation of the Miran and Bina Bawi gas fields in Continued expansion of its pan-African Kurdistan exploration portfolio, including PSC negotiations in Senegal/Guinea Bissau AGC, Namibia and Comoros Islands Energy Finance

We regularly advise on the full range of reserve-based financing products from single field project financings through to multi-field borrowing base facilities. We have also been involved, and in many cases instrumental, in the development of more unconventional debt products for the upstream sector including contingent resource backed facilities such as pre-development sanction facilities. Outside of the pure “reserve-based” area, we advise on the full range of other debt products seen in the oil and gas industry including pre-export financings, prepayment financings, acquisition financings and corporate debt facilities for E&P companies.

Our recent notable matters include advising on the following:

Delek Drilling L.P. and Avner Caracal Energy Inc. Seplat Petroleum Oil Exploration L.P. $250 million reserve-based secured Development Company plc $1.75 billion financing for the facility for the development of its Chad $1.7 billion term and revolving development of the Leviathan gas assets (the first reserve-based lending facilities comprising of a reserve-based field, o shore Israel in Chad) (Awarded Middle East and financing with Nigerian banks and a Africa Deal of the Year 2014 by Trade corporate facility with international Finance Magazine) banks, each secured against Nigerian Sterling Resources (UK) Ltd oil and gas assets Financial restructuring by way of a debt ING Bank N.V., and a syndicate for equity swap of five lenders Petrogas E&P LLC $340 million borrowing base facility for $150 million secured borrowing base Petroceltic International plc Oranje-Nassau Energie, based on oil facility arranged by ING Bank relating and gas assets in the U.K., Netherlands to Petrogas’ acquisition of assets Financial restructuring with its lenders and Gabon located in the Netherlands

DBN Bank, ING Bank N.V. and Etablissements Maurel & Prom Bank of Nova Scotia Natixis SA $175 million reserve-based lending $600 million borrowing base facility $650 million revolving credit facility facility provided to Amerisur Resources made available to Siccar Point Energy arranged by BNP Paribas, Crédit by The Bank of Nova Scotia, HSBC to fund the acquisition of OMV’s North Agricole Corporate and Investment Bank USA, National Association and Sea oil and gas business Bank, Natixis and Standard Chartered Société Générale Bank

BNP Paribas, ING Bank N.V. Société Générale, and DNB Bank HSBC Bank plc Crédit Agricole S.A. and $150 million borrowing base facility as $100 million secured revolving credit Commonwealth Bank of part of the merger of Core Energy, Point facility for KrisEnergy, an independent Australia Resources and Spike Exploration upstream E&P company with a focus $650 million borrowing base facility to on Southeast Asia Cobalt Energy Power

Our London team has experience in project development and finance, as well as mergers and acquisitions, of key power projects in Europe, Africa and the Middle East. Many of these projects and transactions received recognition not only within their geographical jurisdiction, but also internationally. Our lawyers have advised clients across power projects, including conventional power projects and the range of renewable technologies including solar, wind, biomass, hydroelectric generating facilities as well as carbon capture and storage.

Our recent credentials include advising on the following projects:

Vestas Wind Systems A/S Developers of U.A.E. renewable Sponsors, contractors and 300 MW Lake Turkana wind project, projects lenders one of the largest onshore wind farm Various renewable projects in the South African Renewable Energy developments in Africa and the largest U.A.E., including the 350 MW Sweihan Independent Power Producer single-private investment in Kenya Solar PV Project in Abu Dhabi, 100 MW Procurement Programme (circa €600 million); awarded African DEWA Phase II and 800 MW DEWA Solar Renewable Deal of the Year 2014 by Phase III IPPs in Dubai Thomson Reuters Project Finance Developers of Egyptian International and African Renewables Deal of the Year 2014 by IJGlobal renewable projects Europe and Africa Awards Developers of solar facilities in Solar and wind projects as part of Jordan Round 1 and Round 2 of Egypt’s Solar PV facilities as part of Round 1 renewable energy Feed-In Tari (FIT) Private equity house and Round 2 of Jordan’s renewables programme. Round 2 is anticipated to provide for an additional 1,845 MW of 450 MW Azura Edo power project programme (the Direct Proposal Submission Process), the largest capacity between the various solar and in Nigeria, the ﬁrst of a new wave wind projects of greenﬁeld power projects being collection of privately owned solar developed in Nigeria PV projects ever to be realised in the MENA region. One of the Round 1 solar projects is part of the “Seven Sisters” BTMU, JBIC, NEXI and SMBC projects which was awarded two 150 MW wind farm in Taza, Morocco, awards by IJGlobal Middle East: Middle which will form part of the 1,000 MW East Renewables Deal of the Year 2014 wind programme launched by the and Middle East Overall Deal of the Moroccan O ice National de l’Electricité Year 2014. Another of the Round 1 solar projects was the largest of the solar projects in this round being the 52.5 MW Shams Ma’an project

The London-based partner team

Olivia Caddy Jason Fox Ben James Partner Senior Partner Partner T +44.(0).207.448.4207 T +44.(0).207.448.4206 T +44.(0).207.448.4208 F +44.(0).207.657.3124 F +44.(0).207.657.3124 F +44.(0).207.657.3124 [email protected] [email protected] [email protected]

Tracy London Julian Nichol Darren Spalding Partner Managing Partner, London Partner T +44.(0).207.448.4211 T +44.(0).207.448.4204 T +44.(0).207.448.4209 F +44.(0).207.657.3124 F +44.(0).207.657.3124 F +44.(0).207.657.3124 [email protected] [email protected] [email protected]

Martin Stewart-Smith Alastair Young Partner Partner T +44.(0).207.448.4210 T +44.(0).207.448.4205 F +44.(0).207.657.3124 F +44.(0).207.657.3124 [email protected] [email protected]