Adam Waszkiewicz focuses his practice on corporate and finance matters within the energy sector. He has experience in M&A, reserve based finance, equity capital fundraising, joint ventures, corporate reorganizations and other commercial agreements relating to the oil and gas industry. Adam regularly advises on multi-jurisdictional transactions and has acted for borrowers, lenders, purchasers, and sellers.
He recently spent eight months on secondment with an E&P company, giving Adam a thorough understanding of the commercial issues that face oil and gas companies in the current market.
Recent Notable Matters
Savannah Energy PLC — $407 million acquisition of ExxonMobil’s entire upstream and midstream asset portfolio in Chad and Cameroon
Savannah Energy PLC — share and purchase agreement with PETRONAS International Corporation Limited to acquire its interest in three onshore blocks in South Sudan for up to $1.25 billion
Riverstone Credit Management LLC — $100 million senior secured delayed-draw green loan facility with ESG-linked pricing to Harland & Wolff Group Holdings plc, a UK-based fabrication and maintenance company operating in the maritime, defence, oil & gas and renewable energy sectors, including in relation to UK offshore wind projects
Savannah Energy Plc — acquisition of Exxon and Petronas’ entire interests in the Doba oil field in Chad and their shareholding in the Chad-Cameroon Pipeline and Floating, Storage and Offloading vessel for a total consideration of up to $676 million
Hillwood International Energy, LP — acquisition of Kerogen Investments No. 7 Limited’s interest in HKN Energy, Ltd, the owner of a 62 percent operated interest in the Sarsang PSC in the Kurdistan Region of Iraq
Storegga Geotechnologies Ltd — foundation equity financing with Macquarie and subsequent equity financings with GIC, Mitsui, Macquarie, M&G and SNAM
Storegga Geotechnologies Ltd — acquisition of Pale Blue Dot Energy, the lead developer of the Acorn Carbon Capture and Storage Project at the St Fergus Gas Terminal in the UK
Anglo Tunisian Oil & Gas Limited — acquisition of Medco Tunisia, a seven asset upstream oil and gas business in Tunisia, including the associated acquisition financing
SPE Guinea Bissau AB (a wholly owned subsidiary of Svenska Petroleum Exploration AB) — agreement to sell participating interests in the Sinapa and Esperança oil and gas licences, offshore Guinea Bissau, to CNOOC
Genel Energy plc — acquisition of interests in the Chevron operated Sarta and Qara Dagh blocks in the Kurdistan Region of Iraq
Impact Oil & Gas Ltd — financing arrangements for the acquisition of an interest by Main Street 1549 Proprietary Limited (a Black Economic Empowerment company) in the Exploration Right for Block 11B/12B (offshore South Africa) and the first exploration well to be drilled on the block, and the associated $35M equity placing, as lender
Ophir Energy plc — $2 billion floating LNG project offshore Equatorial Guinea, including host government arrangements, LNG sales agreements, chartering agreements, joint venture arrangements, project financing, and construction
BG Group — acquisition from Shell of a 30 percent interest in upstream oil and gas assets in Colombia
Genel Energy plc — business in Kurdistan and elsewhere, including on the development and commercialization of its Miran and Bina Bawi gas discoveries for export to Turkey, the acquisition of OMV’s interest in the Bina Bawi Block, the farm-down of the Chia Surkh block, crude transportation and marketing arrangements
Rhino Resources, Ltd — building of an African upstream exploration portfolio in South Africa, Namibia, Comoros Islands and Senegal-Guinea Bissau AGC
Hess Corporation — $1 billion sale to ONGC Videsh of its interests in the ACG field in Azerbaijan and BTC pipeline*
DNO — merger with RAK Petroleum of their Middle East and North African upstream oil and gas businesses, valuing the combined assets at $1.9 billion
JKX Oil & Gas plc — acquisition and disposal of upstream interests in Hungary
Murphy Oil Corporation — sale of its entire North Sea upstream oil and gas business, including its interests in the Schiehallion field to Shell, Mungo and Monan fields to First Oil and the Amethyst field to Perenco
Hess Corporation — $525 million sale of its interest in the Beryl field and Scottish Area Gas Evacuation System to Shell*
Phillips 66 — sale of its interests in the Immingham Combined Heat and Power Plant to Vitol
Delek Drilling L.P. — $900 million financing for the Tamar natural gas field development offshore Israel and in relation to facility sharing arrangements for the development of the Tamar field
Private equity investor — sale of its interest in an international offshore oilfield services business
* Work completed prior to Bracewell
Publications and Speeches
“Unlocking the potential of shale gas in the UK energy mix,” Oil & Gas Financial Journal, February 2014.
“Fracking in the UK: the Shale Gas Industry Begins to Take Shape,” Natural Gas Europe, February 2014.