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About Jason

Jason Fox has almost 30 years of experience as an energy finance lawyer. He focuses on the upstream sector and has advised on over 150 reserve based lending (RBL) financings, as well as numerous other financings in the wider energy sector.

Recent ranking publications acknowledged Fox’s deep knowledge and understanding of the energy finance sector. He is the “first choice lawyer for any energy-related deal,” The Legal 500 United Kingdom (2021). Fox is the “guru of oil and gas bank financing” and “the king of reserve based lending,” Chambers UK (2018). He is “exceptionally experienced on reserve based lending work for upstream oil and gas exploration,” Chambers UK (2016). “Jason Fox is ‘the go-to lawyer and first on the list when considering any new instruction. His professionalism, knowledge and experience are undoubted and delivered with personality and accessibility,’” IFLR (2016)“Jason Fox has ‘extraordinary credentials, he is the pre-eminent practitioner in reserve based financing,’” The Legal 500 United Kingdom (2016).

He is the best in the market for reserved based lending and his unrivalled experience means that he can apply that knowledge and come up with innovative structures.
Chambers UK, 2022


Recent Notable Matters

Carlyle International Energy Partners — finance counsel in The Carlyle Group’s acquisition of Occidental’s entire onshore portfolio in Colombia for a total consideration of $825 million

Société Générale — up to $650 million borrowing base facility to Cobalt Energy provided by Société Générale, Credit Agricole and Commonwealth Bank of Australia, as a mandated lead arranger

Delek Energy L.P. — $1.75 billion financing for the development of the Leviathan Field, offshore Israel

DNB Bank, ING Bank and Natixis — $600 million acquisition financing to Siccar Point Energy Limited to acquire OMV (UK) Limited

EBRD — up to $80 million credit facility to Merlon Petroleum

FlowStream Commodities Limited — $200 million stream to Cairn Energy

Group of 25 lenders — $2.5 billion secured loan and letter of credit facility for Lundin Petroleum, based on oil and gas assets in France, Indonesia, Norway and The Netherlands; the transaction was coordinated by HSBC as documentation bank and BNP Paribas as facility agent and security trustee, along with 15 other lead arrangers

HSBC Bank plc — $100 million secured revolving credit facility for KrisEnergy, an independent upstream E&P company with a focus on Southeast Asia

BNP Paribas — $400 million senior secured credit facility to Ithaca Energy, an oil and gas exploration, development and production company active in the UK's Continental Shelf, as lead arranger

Lloyds Banking Group, BNP Paribas, Barclays Corporate, Royal Bank of Scotland plc, Bank of America Securities Limited and Crédit Agricole Corporate and Investment Bank — $900 million revolving facility for Enquest plc

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

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

ING Bank N.V. and a syndicate of five lenders — $340 million borrowing base facility for Oranje-Nassau Energie, based on oil and gas assets in the U.K., Netherlands and Gabon

Petroceltic plc — $500 million financing against the group's resources in Egypt, Italy and Bulgaria and contingent resources in Algeria

Petrogas International E&P Coöperatief U.A. — $150 million secured borrowing base facility arranged by ING Bank N.V. relating to Petrogas' acquisition of certain assets located in the Netherlands

Seplat Petroleum Development Company Plc — $700 million Term Facility and $300 million Revolving Facility

The Bank of Nova Scotia — up to $500 million borrowing base facility for Amerisur Resources plc

Royal Bank of Scotland, BNP Paribas, IFC and other lenders — U.K. market's largest borrowing base facility, $3.5 billion senior and junior secured credit facilities for Tullow Oil



London University, Queen Mary and Westfield College,
College of Law, London,

Bar Admissions

Solicitor of the Senior Courts of England and Wales



RBLs — When Two Black Swans Collide

April 22, 2020
Project Finance International

Bracewell Shines in Legal 500 UK Rankings

October 29, 2018
The Legal 500 United Kingdom
Legal 500 UK

Back to the future for reserve based finance

April 1, 2015
Petroleum Economist - Online

Review of the year: month by month

December 15, 2013
Lawyer (Online), The

New York law firm in Africa push via UK

July 1, 2013
Press and Journal (Aberdeen)



Investing in Upstream Oil and Gas in Mexico

Bracewell's Mexico team is comprised of leading energy lawyers in Houston and London and we are one of the few law firms that have been involved in all aspects of the liberalisation process.

Distressed Opportunity?

February 18, 2015

They say "A pessimist finds a problem in every opportunity and an optimist finds an opportunity in every problem". The recent sharp downturn in the oil price has certainly hurt many parts of the oil and gas sector - and some of the sectors that go with it - and, let's be honest, there has been no dearth of pessimists. But with every situation of rapid change there will be winners and losers and in the E&P space now the situation will be no different. One of the intriguing things when you examine the debt markets for independent in the US and EMEA is how little they have in common. Some of...



Chambers Global
UK - Energy & Natural Resources: Oil & Gas, 2015 - 2021; Projects, 2011 - 2013, 2015 - 2017; Energy & Natural Resources, 2013; Africa-wide - Projects & Energy, 2019 - 2021
Chambers UK
Energy & Natural Resources: Oil & Gas, 2015 - 2022; Projects, 2015 - 2018; Energy & Natural Resources, 1997 - 2013
The Legal 500
Hall of Fame, Projects, Energy and Natural Resources – Oil & Gas, Named in 2021
The Legal 500 United Kingdom
Projects, Energy and Natural Resources – Oil & Gas, 2013 - 2022 (Leading Individual, 2014 - 2020; Hall of Fame, 2021 - 2022); Projects, Energy and Natural Resources – Power (including Electricity, Nuclear and Renewables), 2022; Projects, Energy and Natural Resources – Infrastructure, 2021 - 2022 (Leading Individual, 2021); Finance – Emerging Markets, 2014 - 2022 (Leading Individual, 2015 - 2022); Finance – Bank Lending: Investment Grade Debt and Syndicated Loans, 2012, 2015 - 2022
The Legal 500 EMEA
Regional Summary - Africa, 2016 - 2017
Euromoney Institutional Investor PLC
IFLR1000 Energy & Infrastructure Guide
Sub-Saharan Africa, Leading Lawyer, 2014 - 2016
Euromoney Institutional Investor PLC
IFLR1000 Financial & Corporate and M&A Guide
Market Leader: Banking 2016 - 2022; Project Finance, 2016 - 2022; Energy and Infrastructure, 2018; Leading Lawyer: Bank Lending, 2013
Legal Media Group
Expert Guides to the World
Banking, Finance and Transactional, 2016; Energy and Natural Resource, 2013; Banking Finance & Transaction (Project Finance), 2012; Project Finance, 2011
The Lawyer
Hot 100
Finance, 2007


Past Events

London November 19, 2013