Experience in the Oil and Gas Industry

48 Pages·2017·1.66 MB·English

Experience in the
Oil and Gas Industry
AsiA-pAcific And GlobAl ExpErtisE

“Their ability to constantly deliver the
highest quality product in extremely
challenging time-frames and under very
strong pressure is remarkable.”
iflr, 2016
Oil and Gas
S&C has significant and varied experience advising clients
in the oil and gas sector. Our depth of understanding of
the oil and gas industry means our lawyers’ advice is always
oriented towards achieving the commercial objectives of
our clients active in Asia-Pacific and worldwide. We provide
tailored solutions informed by market knowledge. Our multi-
disciplinary approach ensures that clients benefit from our
industry experience in each of our core practice areas.
our oil And GA s „ Upstream
industriEs
„ Pipelines
„ LNG
„ Downstream
our GlobAl „ Mergers & Acquisitions and Joint Ventures
prA cticE ArEA s
„ Project Development & Finance
„ Capital Markets, Leveraged Finance & Lending
„ Private Equity
„ Restructuring
„ Commodities, Futures & Derivatives
„ Tax
„ Sanctions and Trade
„ Disputes and Investigations
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“Oil & Gas Legal Adviser of the Year”
infrAstructurE JournAl, 2011
S&C’s standing in the industry and the Asia-Pacific region
is reflected in the number of major companies it has
represented, both directly and in consortia, including:
„ AEC (Alberta Energy) „ INPEX
„ American Energy „ Nigeria LNG
Partners
„ Nippon Oil
„ BG Group „ Oleoducto Central
„ BGP Inc. (OCENSA)
„ BHP Billiton Petroleum „ Oil Search
„ BP „ PDVSA
„ Cheniere Energy „ PetroChina
„ Chevron „ Repsol
„ CNOOC „ Royal Dutch Shell
„ ConocoPhillips „ SeaDrill
„ Devon Energy „ Sempra Energy
„ Enbridge „ Sinopec
„ EnCana „ Statoil
„ Eni „ Total
„ ENN Energy „ Transportadora de Gas
del Sur
„ ExxonMobil
„ Hess „ Woodside Petroleum
„ Hunt Oil
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Asia-Pacific Region
S&C has maintained a leading Asia-Pacific practice for
nearly a century. Through high-quality legal service,
S&C has established a distinguished legal practice across the
region. Today, more than 50 S&C lawyers work in the Firm’s
Asia offices in Beijing, Hong Kong and Tokyo. The Firm also
has offices in Melbourne and Sydney. We are proud to have
served clients in the Asia-Pacific region in first-of-their-kind,
innovative transactions, many of which were singled out as
landmark transactions for the region, including significant
financings in the oil and gas sector.
“They handle complexity extremely
well, are excellent at communicating,
and are sensitive to different cultures
while still giving great advice.”
chAmbErs AsiA, 2015
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sElEctEd proJEct dEvElopmEnt & finAncE hiGhliGhts
Australia New Zealand
Australia Pacific LNG Project Maui Gas Field
Moomba to Sydney Pipeline
Papua New Guinea
North West Shelf LNG Project
Kutubu Petroleum Project and Pipeline
Azerbaijan/Georgia/Russia PNG LNG Project
ACG/Azeri “Early Oil” phase of Full Field Development
Russia
Azerbaijan Caspian Sea, Azeri, Chirag and Deepwater
Caspian Pipeline Consortium
Guneshli “Mega-Structure”
Tyumen Offtake Matters
Azerbaijan/Georgia/Turkey
Russia/Bulgaria/Southern and Central Europe
Baku-Tbilisi-Ceyhan Pipeline (BTC)
South Stream Pipeline
Shah Deniz and SCP Pipeline Project
Turkmenistan
Kazakhstan
Turkmenistan Upstream
Caspian Pipeline Consortium
Tengizchevroil (TCO) Project
mArkEt-lEAdinG prA cticE
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$32
of
billion
Largest-ever oil and gas projects in
Asia-Pacific involved S&C
S&C is the leading adviser to sponsors in the
U.S. LAw FiRmS
development and financing of oil and gas projects
Sullivan & Cromwell – 11%
2nd ranking firm – 2.5% in the region, having advised on more than
3rd ranking firm – 2%
$32 billion of sector projects in Asia-Pacific.
4th ranking firm – 2%
5th ranking firm – 1.3% In addition, the Firm regularly advises on strategic
JV, M&A, restructuring and other matters across
the region’s expanding oil and gas and natural
resouces sector, and frequently acts for lenders
Percentage represents market share of all international law firms
advising sponsors/borrowers. and underwriters on complex projects.
Source: Dealogic ProjectWare, November 22, 2016
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Asia-Pacific Region
mErGErs & Acquisitions
S&C is a leading adviser on strategic M&A matters in
Asia-Pacific, ranking as a top U.S. law firm for M&A in
the region (Thomson). We advise on investment, joint venture
and other M&A matters involving the acquisition or sale of
companies engaged in the oil and gas sector in Asia-Pacific.
Our experience includes a number of mandates involving the
acquisition or disposition of oil and gas infrastructure assets,
including pipelines.
“They understand issues quite
quickly and work proactively to
find solutions.”
chAmbErs AsiA, 2014
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sElEctEd hiGhliGhts
„ BGP Inc. (China), a subsidiary also represented ENN Energy Enterprises, Inc. (doing
of the China National as borrower of a bridge facility business as Solar Monkey)
Petroleum Corporation in its from Citigroup (withdrawn). (U.S.). (2011)
acquisition of a controlling (2012)
„ Inpex Corporation (Japan) in
interest in an oil and gas
„ Consortium comprising Italian its $3.074 billion acquisition of
exploration equipment joint
operator SNAM (45%), GIC, Teikoku Oil Co., Ltd. (Japan).
venture with ION Geophysical
the Singaporean sovereign (2006)
Corp (U.S.), a NYSE listed
fund (35%) and EDF (France)
company, and in its acquisition „ Goldman Sachs as financial
(20% through its dedicated
of approximately 19.9% of adviser to CNOOC (China) in
assets fund), in the $3.3 billion
ION’s listed common stock the $2.9 billion acquisition of
acquisition of Transport et
and the arrangement for certain oil and gas exploration
Infrastructures Gaz France
recapitalization of its debt. assets from Tullow Oil. (2012)
(TIGF) from Total SA (France).
(2010)
(2013) „ Goldman, Sachs & Co.,
„ BHP Billiton (Australia) in financial adviser to
„ Constellation Energy
its $15.1 billion acquisition SapuraCrest Petroleum
Group, Inc. (U.S.) in the
of Petrohawk Energy Berhad (Malaysia) in its $4
sale of the downstream
Corporation (U.S.). (2011) billion merger with Kencana
natural gas trading business
Petroleum Berhad (Malaysia).
„ China Investment of Constellation Energy
(2012)
Corporation (China) in a $150 Commodities Group, Inc.
million investment in Triana (U.S.) to Macquarie Cook „ Oleoducto de Crudos
Energy Investments, LLC Energy, LLC (Australia), a Pesados (Ecuador) in
(U.S.) by a subsidiary of China subsidiary of Macquarie Bank the acquisition of a 30%
Investment Corporation and Limited (Australia). (2009) interest by China Petroleum
an affiliate of Morgan Stanley & Chemical Corporation
„ ENN Energy China
(U.S.). (2010) (Sinopec). (2006)
Investment, a wholly-owned
„ CIC Capital (China) as a subsidiary of ENN Energy „ PetroChina (China) in
member of a consortium led Holdings Limited (Cayman its acquisition of a 51.89%
by Brookfield in its $5.2 billion Islands), in its RMB4 indirect interest in CNPC
acquisition of a 90% stake in billion equity investment (Hong Kong) Limited. (2008)
the natural gas pipeline unit of (representing a 1.12% equity
Petrobras (Brazil). (2017) interest) in Sinopec Marketing
(China). (2014)
„ Consortium comprising ENN
Energy Holdings Limited „ Hanwha Corporation (Korea)
(China) and China Petroleum in its acquisition of common
& Chemical Corporation stock representing 49% of
(Sinopec) (China) in the $2.2 equity interests of Komodo
billion voluntary general
offer for China Gas Holdings
Limited (Hong Kong). S&C
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Asia-Pacific Region
cApitAl mArkEts, lEvErAGEd finAncE & lE ndinG
S&C has advised a range of companies active throughout
the oil and gas space in important capital raising
transactions. We are also adept at structuring project bonds
for developments in the oil and gas sector.
sElEctEd cliEnts
„ Alinta Energy Holdings „ Idemitsu Kosan
„ Ampol Exploration „ Inpex Corporation
„ APA Group „ Kunlun Energy Co. Ltd.
„ Aurora Oil & Gas Limited „ Oil Search
„ Australia Pacific LNG „ Origin Energy Limited
„ BHP Billiton „ PetroChina Company*
„ China Gas Holding Limited „ PTT Exploration and Production*
„ CNOOC Limited* „ Santos*
„ CNPC (Hong Kong) Ltd.* „ Tengizchevroil
„ ENN Energy „ Woodside Petroleum
*Asterisk indicates S&C represented the underwriter/agent or arranger. Otherise, we advised the issuer.
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