LONDON – Bracewell (UK) LLP advised Adura Energy on the landmark signing of a new $3 billion seven-year, senior-secured reserve based lending facility. This marks Adura’s inaugural syndicated bank facility since it was formed in December 2025. The facility will support Adura’s future growth ambition to provide secure energy for the UK.
The RBL facility was heavily oversubscribed, underscoring strong confidence in Adura’s portfolio and long‑term outlook. The Adura syndicate is made up of 18 leading international banks, all of which represent new banking relationships for Adura.
Jason Fox, who led the transaction for Bracewell, commented:
“We were delighted and honoured to have been selected to advise Equinor, Shell and Adura Energy on this landmark financing which is one of the largest ever raised by a North Sea player. The strength of the bank market response showcases the strong appetite of banks to support outstanding companies in this sector and the recognition that oil and gas will, for a long time, continue to play a vital part of the energy mix and a crucial role in many other sectors and industries outside the energy sector.”
Bracewell lawyers involved in the transaction include:
Partners: Jason Fox, Olivia Caddy and Adam Waszkiewicz
Counsel: Leslie Hansen
Senior Associates: Onis Chukwueke-Uba
Associates: Rebecca Williamson and Olivia Wynne Thomas
