Kirsty Delaney advises clients on a range of corporate and project matters within the energy sector, including M&A, corporate re-organisations, joint ventures and project development. She has broad experience with all of the key documents relating to the oil and gas industry, including sale and purchase agreements, farm-in agreements, production sharing contracts, joint operating agreements, shareholders’ agreements, transportation agreements and crude oil and gas sales arrangements. Kirsty also has advised on the development of floating LNG projects in Africa and North America, including on structuring matters and LNG offtake.
Recent Notable Matters
Anglo Pacific Group plc — $20 million acquisition of royalty interests from Incoa Performance Minerals LLC in respect of its calcium carbonate mine in the Dominican Republic
Anglo Tunisian Oil & Gas Limited — acquisition of Medco Tunisia, a seven asset upstream oil and gas business in Tunisia, including the associated acquisition financing
Delfin LNG — development of the Delfin floating LNG project in the Gulf of Mexico
Ophir Energy plc — sale of its interest in Block 5 in the Salina Basin offshore Mexico, which includes the Cholula discovery, to Murphy Oil Corporation, Petronas and Wintershall-DEA
Eni S.p.A. — sale to Qatar Petroleum of a 35 percent interest in the Area 1 development in Mexico, which holds an estimated 2.1 billion barrels of oil
Eni S.p.A. — swap transaction with Lukoil in relation to the Area 10, Area 12, and Area 14 upstream shallow water production sharing contracts in Mexico under which Eni transfers to Lukoil a 20 percent stake in Area 10 and Area 14 and Lukoil transfers to Eni a 40 percent stake in Area 12
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
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
Apache Corporation — disposal of its operated interest in the SAGE System, a major gas pipeline system and gas processing terminal in the UK, to Ancala Partners, and on Apache’s associated long-term gas transportation and processing agreement
Savannah Petroleum plc — material aspects of its ongoing takeover of the Seven Energy Nigerian business, including relating to the re-organisation of the Uquo onshore gas field and the Accugas gas processing facility; on crude oil commercialisation arrangements in Niger
Impact Oil & Gas Ltd — farm-out of two deepwater blocks, in Namibia and South Africa, to Total SA
Alcazar Energy Partners — four 50 MW solar projects (AEES1, Delta, Aten and Horus projects) in Round 2 of Egypt’s renewable feed-in tariff programme; named 2017 Global MLA Deal of the Year by Project Finance International; on the development and financing of the 82 MW Al Rajef Wind IPP in Jordan
EOG Resources, Inc. — various farm-ins, JOA and unitization arrangements in Trinidad
Oando — financing for its $1.9 billion acquisition of ConocoPhillips*
BG Group — proposed sale of its Norwegian North Sea oil and gas business, including the intra-group transfer of its interests in the Everest and Gaupe fields
Chrysaor Limited — intra-group transfer of its participating interest in Elgin / Franklin and bids for various North Sea assets
* Work completed prior to Bracewell
Publications and Speeches
“Asset Purchase Agreement (oil and gas),” Practical Law Company, September 2020.
“United Kingdom: Renewable Energy Laws and Regulations 2021,” International Comparative Legal Guide, September 2020.