NATURAL RESOURCES

We act for several local and foreign clients in the Oil, Gas, Mining and allied industries.  We have particular expertise in the areas of project finance, obtaining operational licences, regulatory, government, community relations and the environment.  Members of our team have advised lawyers and operators in the oil and gas industry in several transactions.  One of them led the team of solicitors that advised on and prepared the security documentation of a multi-million dollar finance package of the Addax Oil Exploration Group of Switzerland arranged by lenders from the Republic of Ireland for its Nigerian oil exploration and production operations in Nigeria.  The transaction involved various transborder legal and financial issues which had to be structured and harmonized in such a fashion as to ensure that the transaction documents satisfactorily addressed those issues to the satisfaction of the parties and their various solicitors.  We are also involved in the streamlining of Nigerian operating companies arising from the international merger of ABB Lummus Global, Lummus Crest and ABB Randall Corporations of the Netherlands and United States respectively.  A senior member of the practice was the principal legal adviser to Bredero Price Holding BV of the Netherlands in its acquisition of the minority interest of Nigerians in the Nigerian subsidiary of this pipe coating multinational to make it a wholly owned subsidiary of Bredero Price Holding B.V.

A member of our practice was active in documentation of the production sharing contract between two oil companies operating in Nigeria in respect of an off shore oil drilling contract.  Our team acted for a Nigerian company in respect of its termination of a joint venture it had with a Canadian company for the exploration, production and development of the Nigerian company’s oil concession.  We are currently involved in our client’s negotiations with an oil producing company that is currently producing in Nigeria for the establishment of a joint venture with our client for the exploration production and development of the concession.

Our team acted for one of the winners of the 2000 Open Acreage Bid Round in the production sharing contract and negotiations with the Federal Ministry of Petroleum Resources in respect of the oil prospecting license for the Block won by our clients.

 

We act as retained solicitors to a gold mining company that is in joint venture with the Nigerian Mining Corporation.  We acted for the company in negotiating the execution of geo-physical works to establish the reserves of the company’s gold concession.