OIL AND GAS

Over the past three decades, our teams, in working for a vast variety of clients in the oil, gas and finance sectors have gained considerable expertise in the preparation, structuring and negotiation of transaction, documents, investment agreements, financing, joint venture and asset financing documentation.

We have established good working relationships and contacts within a number of international finance institutions, development banks, export credit agencies and leading companies in the oil and gas sector.

Historically, as a partner of Irving and Bonnar, our Principal Partner led the legal team with respect to the following transactions:-

1. Provided legal advisory services to Mobil Producing Nigeria Unlimited in its multibillion dollar Oso Condensate Field Development Project financed by a consortium of lenders led by International Finance Corporation, Exim Bank of the USA and Japanese Import Export Bank.

1. Led the legal team providing legal advisory services to Mobil Producing Unlimited with respect to the National Gas Liquefied Project.

1. NEA acted with Perchstone and Graeys as legal advisers to the Nigerian Liquefied Natural Gas Company Limited (NLNG) for the Club of International and Nigerian arranger banks on the Nigerian Liquefied Natural Gas plus project financing.
2. Advised on a strategic alliance between International Finance Corporation and Shell Petroleum Development Company whereby credit lines in the sum of Thirty Million Dollars ($30,000,000) were established and managed by Nigerian banks to provide medium term loans for capital expenditure by small and medium sized Niger Delta based service contractors.

NEA led the legal and project finance team advising Eurochem Technologies PTE, and Viva Methanol LFTZE and guiding the Federal Government through the Debt Management Office (DMO) in establishing a Six Hundred and Fifty Million Dollar ($650,000,000) methanol/petrochemical complex at what was then Lekki Free Zone, now renamed Lagos Free Trade Zone.  NEA prepared all initial loan and project documentation embodying all project incentives granted by the Federal Government.  This project was initially partly funded through FGN Debt conversion programme.  This project provided the infrastructural foundation for what was subsequently converted into the Lekki Port Project (The first private port in the country currently being constructed on a PPP basis).