Finance

We have an award winning finance practice that advises borrowers and their banks on financing assets and projects in the offshore energy industry. 

Our expertise includes:
 

  • Issuance of documentary and standby letters of credit
     
  • Prepayment financings
     
  • Pre-export financings
     
  • Export credit agency backed financings
     
  • Project financings (of upstream, midstream and downstream assets)
     
  • Multi-lateral, development bank and commercial bank financings

Our experience includes:
 

  • Advised on the security arrangements for the financing of a global supplier of marines services to the offshore energy industry.
     
  • Advised Gazprombank on a US$489 million project financing of the construction by SOCAR Polymer of petrochemical facilities in Sumqayit, Azerbaijan.
     
  • Project financings of the investments of the State Oil Company of the Republic of Azerbaijan (SOCAR) and Lukoil, respectively, in the Shah Deniz Gas Field off the coast of Azerbaijan.
     
  • Advised on a US$1 billion prepayment facility to fund a joint venture between Gazprombank and PDVSA to further develop the Bachaquero Tierra and Lagunillas Tierra oil and gas fields located in the State of Zulia in the western region Venezuela.
     
  • Advised Rosneft on a US$15 billion loan from China Development Bank in connection with the supply of oil via Russia's Eastern Siberia – Pacific Ocean (ESPO) Pipeline.
     
  • Advised EBRD on project financing of a methanol plant in Azerbaijan.
     
  • Advised IFC on a US$82 million loan to Lukoil to refurbish its Petrotel refinery in Romania.
     
  • Advised EBRD in connection with its equity investment in the US$13 billion Rusvinyl petrochemical plant in Nizhny Novgorod, Russia.
     
  • Advised a Scandinavian shipping company on project financing of a floating LNG storage and regasification unit to be operated in South-East Asia.
     
  • Advised Cheniere on various trade finance facilities.
     
  • Acting for OAO Novatek on financing elements of the development of the Yamal LNG project on the Yamal peninsula.

Global reach

From our offices in the UK, China, Dubai, Paris, Singapore and South Korea, we have extensive experience in offshore oil and gas projects and resolving international disputes. 

Azerbaijan

Azerbaijan

Advised Gazprombank on a US$489 million project financing of the construction by SOCAR Polymer of petrochemical facilities in Sumqayit, Azerbaijan.

Project financings of the investments of the State Oil Company of the Republic of Azerbaijan (SOCAR) and Lukoil, respectively, in the Shah Deniz Gas Field off the coast of Azerbaijan.

Advised EBRD on project financing of a methanol plant in Azerbaijan.

Venezuela

Venezuela

Advised on a US$1 billion prepayment facility to fund a joint venture between Gazprombank and PDVSA to further develop the Bachaquero Tierra and Lagunillas Tierra oil and gas fields located in the State of Zulia in the western region Venezuela.

Russia

Russia

Advised Rosneft on a US$15 billion loan from China Development Bank in connection with the supply of oil via Russia's Eastern Siberia – Pacific Ocean (ESPO) Pipeline.

Advised EBRD in connection with its equity investment in the US$13 billion Rusvinyl petrochemical plant in Nizhny Novgorod, Russia.

Acting for OAO Novatek on financing elements of the development of the Yamal LNG project on the Yamal peninsula.

Romania

Romania

Advised IFC on a US$82 million loan to Lukoil to refurbish its Petrotel refinery in Romania.

Southeast Asia

Southeast Asia

Advised a Scandinavian shipping company on project financing of a floating LNG storage and regasification unit to be operated in South-East Asia.

China

China

Advised owners on the financing of a number of newbuild VLGCs/VLECs/BITUMAN CARRIERs from leading shipyards in China and Korea.

Korea

Korea

Advised owners on the financing of a number of newbuild VLGCs/VLECs/BITUMAN CARRIERs from leading shipyards in China and Korea.

  • Azerbaijan

    Advised Gazprombank on a US$489 million project financing of the construction by SOCAR Polymer of petrochemical facilities in Sumqayit, Azerbaijan.

    Project financings of the investments of the State Oil Company of the Republic of Azerbaijan (SOCAR) and Lukoil, respectively, in the Shah Deniz Gas Field off the coast of Azerbaijan.

    Advised EBRD on project financing of a methanol plant in Azerbaijan.

    Close
  • China

    Advised owners on the financing of a number of newbuild VLGCs/VLECs/BITUMAN CARRIERs from leading shipyards in China and Korea.

    Close
  • Korea

    Advised owners on the financing of a number of newbuild VLGCs/VLECs/BITUMAN CARRIERs from leading shipyards in China and Korea.

    Close
  • Romania

    Advised IFC on a US$82 million loan to Lukoil to refurbish its Petrotel refinery in Romania.

    Close
  • Russia

    Advised Rosneft on a US$15 billion loan from China Development Bank in connection with the supply of oil via Russia's Eastern Siberia – Pacific Ocean (ESPO) Pipeline.

    Advised EBRD in connection with its equity investment in the US$13 billion Rusvinyl petrochemical plant in Nizhny Novgorod, Russia.

    Acting for OAO Novatek on financing elements of the development of the Yamal LNG project on the Yamal peninsula.

    Close
  • Southeast Asia

    Advised a Scandinavian shipping company on project financing of a floating LNG storage and regasification unit to be operated in South-East Asia.

    Close
  • Venezuela

    Advised on a US$1 billion prepayment facility to fund a joint venture between Gazprombank and PDVSA to further develop the Bachaquero Tierra and Lagunillas Tierra oil and gas fields located in the State of Zulia in the western region Venezuela.

    Close
Contact
Contact

For more information, please contact us on

offshoreenergylaw@shlegal.com