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About Nick

Nick Kendrick advises on energy transactions and projects across the oil and gas, liquefied natural gas (LNG) and power spaces, with a particular focus on upstream oil and gas. He advises on M&A, asset acquisition and divestment, project development, joint ventures, licensing, gas commercialization and project financing across Europe, Africa, the Middle East and Asia.

He also advises clients on midstream and downstream transactions, including transportation and processing arrangements, sale and purchase agreements, master sales agreements, regasification and tolling arrangements, and LNG destination swap transactions.

Nick’s power project development experience includes advising on engineering, procurement and construction (EPC) and operation and maintenance (O&M) contracts, power purchase agreements, project documents and financing aspects for renewable energy projects, with a focus on the Middle East and North Africa.

Experience

Recent Notable Matters

Apache Corporation — sale of multiple UK North Sea upstream oil and gas assets to Chrysaor Limited

Eni S.p.A. — $934 million sale of a participating interest in the Egyptian Shorouk Concession, containing the Zohr gas field, to Mubadala Petroleum

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

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

Energy and Water Utilities Regulatory Authority of Tanzania (EWURA) — development of natural gas regulations and guidelines for the natural gas industry in Tanzania

GAIL (India) Limited — LNG destination swap transactions

FlowStream Commodities Limited — $200 million stream to Cairn Energy

Newfield Exploration — $1 billion divestment of oil and gas assets offshore Malaysia

Sonatrach Gas Marketing — ongoing operations at the Isle of Grain LNG Terminal

Alcazar Energy Partners — acquisition, development and project financing of the 84 MW Al Rajef Wind Project in Jordan being procured pursuant to Jordan’s renewable energy program, which achieved successful financial close in November 2016

Mercuria Energy Group — acquisition of the L&Q Block gas interests from Tullow Oil in the Dutch North Sea

Caracal Energy Inc. — advising on an up to $250 million reserve based financing for the development of its petroleum assets in Chad arranged by Natixis and Société Générale; awarded Middle East and Africa Deal of the Year 2014 by Trade Finance Magazine

Macquarie Bank Limited — provision of a $30 million bridge facility to Bowleven plc

International energy company — opportunity to farm-in to a mega-field offshore Mozambique

Indigenous Nigerian oil and gas company — gas sale and purchase agreements and associated transportation arrangements

Diamond Generating Corporation — 52.5 MW Shams Ma’an Round 1 Solar project in Jordan

China National Petroleum Corporation — development of oil and gas fields and associated cross-border transportation infrastructure in Central/West Africa

LNG buyer — purchase and regasification of LNG at the Klaipeda FSRU in Lithuania

Safari Petroleum — PSC negotiations and development of oil and gas assets in the Comoros Islands

Independent oil and natural gas exploration and production company — divestment of its entire North Sea upstream portfolio

Serica Energy — farm-out of an interest in the Sidi Moussa and Foum Draa blocks offshore Morocco

Publications and Speeches

“Keep Quiet and Carry on Under the EU Trade Secrets Directive,” IP Magazine, September 2016.

“In the Eye of the Storm,” Petroleum Review, January 2016.

Credentials

Education

College of Law,
L.P.C.
2010
University of Sussex,
LL.B.
2009

Bar Admissions

Solicitor of the Senior Courts of England and Wales

Languages

French

Affiliations

AIPN
Member

News

Insights

Insights

Nigeria: Local Content Update for the Oil & Gas Industry

February 10, 2015

As we reported earlier last year, the Nigerian Oil and Gas Industry Content Development Act 2010 (the "Local Content Act") was enacted to enhance local content in the oil and gas industry and its central aims of developing indigenous skills across the value chain, promoting indigenous ownership of assets and use of indigenous assets, promoting the establishment of support industries and creating customised training and sustainable employment opportunities currently seem to be well on track. With contract award and local participation provisions as central tenets, much rests on the oversight...

Latest UK Onshore Licensing Round Announced

The UK Government has today announced the opening of the eagerly anticipated 14 th onshore oil and gas licensing round, with applications invited until 2pm on 28 October 2014. Hundreds of blocks are available in the bidding process. The Government is keen to encourage onshore exploration and drilling and to facilitate the development of a shale industry in the UK. The previous onshore licensing round was in 2008. For more information, refer to the Government guidance at: https://www.gov.uk/oil-and-gas-licensing-rounds .

U.K. Announces Unconventional Petroleum Licensing Model Clauses

Energy Minister Michael Fallon took the opportunity on 24 June 2014 at the UK Shale Conference to cite the energy security crises in the Ukraine and Iraq as further reason for the UK to focus on shale gas and oil exploration. In the latest step towards the development of the UK shale industry, revisions to petroleum licence Model Clauses will be implemented to accommodate the practicalities of fracking compared with recovery of conventional resources. Specifically, and recognising that shale plays may cover vast areas (see, for example, the Bakken formation in North America and the Bazhenov...

Nigeria: Local Content Update for the Oil and Gas Industry

April 29, 2014

The recent requirement for the delivery of operators' reports detailing local content compliance of drilling rigs used in their operations is a timely reminder that Nigeria is looking to enforcement of local content rules put in place back in 2010. The Nigerian Oil and Gas Industry Content Development Act 2010 (the "Local Content Act") was enacted to enhance local content in Nigeria's developing oil and gas industry. "Nigerian Content" is elaborately described as the "quantum of composite value added to or created in the Nigerian economy by a systematic development of capacity and...

The Future of the UK North Sea: A New Game with More Rules

On 24 February 2014, Sir Ian Wood delivered his Final Report (the " Report ") on the future of the UK Continental Shelf (" UKCS "). The Report sets out a number of conclusions and recommended actions relating largely to more stringent regulation, a focus on regional development and better industry co-operation. If the recommendations are implemented, they will fundamentally change the North Sea oil and gas industry. The Report's overriding message is that for production from the UKCS to be prolonged, a change to both the regulatory and commercial landscapes will be required. The Report...

Noteworthy