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About Eimear

Eimear Murphy is a transactional lawyer advising clients in the upstream oil and gas financing market. She has advised borrowers, banks and international financial institutions on reserve based lending, acquisition finance, syndicated lending and project financing transactions.  Eimear has experience advising on cross-border transactions in Europe, Africa, Latin America and the Middle East. She also advises on general corporate and commercial matters in the energy sector.

Experience

Recent Notable Matters

Zennor Petroleum — advising the lenders in connection with a £170 million facility agreement to fund the development of the Finlaggan Field

ING Bank N.V. and a syndicate of lenders — US$900 million borrowing base facility for Oranje‐Nassau Energie, based on oil and gas assets in the U.K., Netherlands and Gabon

Seplat Petroleum Development Company plc — $300 million financing secured by its oil and gas assets in Nigeria

Etablissements Maurel & Prom SA — $600 million term loan facility entered into with a group of international banks to repay its existing indebtedness and fund the development of its assets in Gabon

Neptune Energy Group Holdings Limited — debt financing aspects of the $3.9 billion acquisition of a majority stake in ENGIE E&P International

Lenders to Siccar Point Energy — borrowing base facility agreement to partially fund the acquisition of OMV’s North Sea oil and gas business

FlowStream Commodities Limited — $200 million stream to Cairn Energy

Petrogas — $265 million senior secured borrowing base facility, as borrower to refinance existing facilities and finance the development of petroleum assets in Oman

Seplat Petroleum Development Company plc — $1.7 billion financing (comprising a revolving facility with international banks and a reserve based facility with Nigerian banks) in relation to oil and gas assets in Nigeria

Etablissements Maurel & Prom SA — up to $650 million revolving credit facility arranged by BNP Paribas, Crédit Agricole Corporate and Investment Bank, Natixis and Standard Chartered Bank

Société Générale and BNP Paribas — advising clients and Banca IMI on an up to $100 million secured borrowing base facility to Irminio in relation to its Italian petroleum assets

Eni S.p.A. — sale of interests in Egypt’s super-giant Zohr field to Rosneft for $1.125 billion and BP for $375 million

Apache Corporation — disposal of its operated interest in the SAGE System, a major gas pipeline system and gas processing terminal in the U.K., to Ancala Partners, and on Apache’s associated long-term gas transportation and processing agreement

Delek Drilling L.P. and Avner Oil Exploration L.P. — $1.75 billion financing for the development of the Leviathan gas field, offshore Israel

Petroceltic International plc — an independent oil and gas company with E&P interests in Algeria and Italy, in connection with a $500 million reserve based facility arranged by HSBC and IFC

HSBC Bank plc and European Bank for Reconstruction and Development — $100 million senior secured borrowing base facility to finance the development of the IPR Group’s petroleum assets in Egypt

HSBC Bank plc — $50 million senior secured borrowing base facility for the IPR Group, to refinance existing facilities and finance the development of IPR’s petroleum assets in Egypt

Sea Dragon Energy — $50 million reserve based loan and letter of credit facility provided by HSBC and BNP Paribas to finance Sea Dragon’s petroleum assets in Egypt

Abengoa Water and Sojitz Corporation — MIGA backed project financing of a water desalination plant in Accra, Ghana

Mandated lead arrangers — facilities agreement to finance the acquisition of Firmus Distribution, the Northern Irish gas distributor

Mandated lead arrangers — facilities agreement to finance the acquisition of Fortum Fjernvarme AS and related holdings from Fortum Oyj, a Finnish energy company

Lender — $420 million financing in relation to the development of an oil block in Venezuela

The Royal Bank of Scotland plc — £42 million reserve based facility for Bridge Energy (SNS) Limited to finance the development of U.K. North Sea assets

BNP Paribas and Société Générale — $84 million borrowing base facility for Carrizo Oil to project finance the development of the Huntington field in the U.K. North Sea

Publications and Speeches

“U.K. Government Continues the Fight for Shale,” Natural Gas World, 2015.

Credentials

Education

BPP Law School, UK,
L.P.C.
2008
with distinction
London School of Economics,
LL.M.
2006
with distinction
University College Dublin,
BBLS
2004
with distinction

Bar Admissions

Solicitor of the Senior Courts of England and Wales

News

Insights

Insights

The UK's New Reporting Obligations on Modern Slavery and Human Trafficking

October 30, 2015

A "Race to The Top" to Tackle an Atrocious Global Problem Introduction Companies or partnerships carrying on business in the UK with an annual turnover of £36 million (around US$55.5 million) or more will now, for the first time, be required to publish an annual statement setting out the steps they have taken to ensure that there is no modern slavery or human trafficking in their own business and their supply chains. This is not sector specific such that only banks or energy companies (for example) are impacted. This is relevant for all companies who fall within these new reporting...

UK Government Continues The Fight for Shale

September 8, 2015

Introduction Despite facing opposition on numerous fronts, the development of a regulatory regime to promote the exploration of shale gas in the UK has continued apace following David Cameron's comments earlier this year that the UK was " going all out for shale ". [i] The UK government has reiterated the national need to develop the UK's shale gas resources to improve the country's energy security and transition to a low-carbon economy. For over a decade, the UK has been a net importer of gas following declining levels of production from the UK's North Sea's gasfields. Imports of gas...

Noteworthy