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About Oliver
Oliver advises lenders and sponsors on the development and financing of cross-border energy and infrastructure projects across a broad range of industries, many of which are the first of its kind in their sector. He has significant experience advising on multi-sourced project financings involving export credit agencies, multilaterals and development finance institutions, as well as commercial banks and traders. Oliver is frequently involved in the negotiation and structuring of complex intercreditor matters.
IFLR1000 has identified Oliver as a “Rising Star” or “Highly Regarded” every year since 2013, and he has been ranked by Chambers UK each year since 2012, where clients report that Oliver is considered “truly outstanding” and highlight his “knowledge of debt financing” and “drive to get the deal done.” In the 2022 edition of Chambers UK clients comment, “Oliver is calm, cool, collected ꟷ he knows his stuff, which shows through in tough moments of negotiations.” They also note in Chambers UK 2021, that the “technical ability, precision and accuracy of his work combined with his responsiveness makes him a very good lawyer” and he “is very pragmatic, very thorough and commercial.” Oliver is also ranked as a “Next Generation Partner” for Projects, Energy & Natural Resources ꟷ Infrastructure in The Legal 500 United Kingdom (2018-2023), and was nominated by in-house counsel and peers to appear in Euromoney’s 2015, 2016 and 2017 “Rising Stars” Expert Guides. Legal 500 UK 2023 noted that Oliver “has provided a decisive contribution in very complex groundbreaking transactions” and that he “has an unparalleled ability to understand the client’s needs and to provide very sound and reliable advice to fulfill them.” Oliver was also recognized by Law360 as a 2019 MVP for Project Finance and serves on Law360’s Project Finance Editorial Advisory Board (2020-2022).
Experience
Recent Notable Matters
Power
Fotowatio Renewable Ventures — limited recourse project financing of the 34 MW Contego and 99 MW Clay Tye battery energy storage projects in the United Kingdom
Fotowatio Renewable Ventures — on the establishment of a platform with Tyler Hill Partners to develop, construct and operate a portfolio of up to 1 GW of battery energy storage system projects across the United Kingdom
Eni S.p.A. — £140 million acquisition of a 20 percent interest in the Dogger Bank (C) 1.2 GW offshore wind farm project from Equinor and SSE
Clay Tye Battery Storage Project — Fotowatio Renewable Ventures in connection with the development of a 99 MW/198 MWh utility battery storage project powered by Tesla Megapack lithium-ion batteries in the UK
Dogger Bank (A and B) — Eni S.p.A. in relation to its £405 million acquisition of a 20 percent interest in the project financed 2.4 GW UK offshore wind farm project from Equinor and SSE
Fotowatio Renewable Ventures — development of a 34 MW/ 68 MWh utility scale battery storage project, to be constructed and operated by Tesla in the United Kingdom
Al Kharsaah IPP — Marubeni Corporation and Total Solar in the development, implementation and financing of the 800.15 MW Al Kharsaah Solar PV Independent Power Project in Qatar
REPDO Round 2 IPPs — Marubeni Corporation and Al Jomaih Energy and Water Company consortium as the winning bidder for the Rabigh 300 MW solar PV IPP, tendered under the second round of the Saudi Arabian National Renewable Energy Program
Masrik-1 solar project — representing FRV on the project finance aspects of a 55 MW solar project in Armenia
Facility E IWPP — representing the Marubeni and Kyushu Electric consortium in connection with its bid for an integrated water & power plant in Qatar
Saudi REPDO Round 2 — representing the lenders to the Engie consortium in connection with its bid for solar IPP PV Projects in the Kingdom of Saudi Arabia
Al Ezzel — representing the lenders on the PFI deal of the year award winning refinancing of the Al Ezzel IPP in Bahrain
Benban Solar Park — represented Alcazar Energy Partners on the project finance aspects of its four 50 MW solar projects (AEES1, Delta, Aten and Horus projects) in Round 2 of Egypt's renewable feed-in tariff programme
Jordan battery storage — represented a developer on its bid for the 30 MW Irbid Substation battery storage project
Dumat Al Jandal — acting as lenders' counsel for the Engie consortium's bid for the 400 MW wind project in the Kingdom of Saudi Arabia
Cerro Dominador — representing EIG in connection with the $800 million project financing of a 100 MW PV solar plant and 110 MW concentrated solar power (CSP) solar plant in Chile, the first project financing of a CSP solar plant in Latin America*
Barakah Nuclear Power Project — representing K-Exim and another export credit agency, HSBC, SCB and various UAE financial institutions in connection with the $24.4 billion financing of the Barakah 4,800 MW nuclear power plant in the UAE, the first-ever project financing of a nuclear power plant and the largest ever independent power projects (IPP) financing*
Dudgeon Offshore Wind Farm — representing Statkraft in connection with its debt and equity financing arrangements for the £1.3 billion project financing of the 402 MW Dudgeon Offshore Wind Farm*
Oil & Gas
Savannah Energy PLC — $407 million acquisition of ExxonMobil’s entire upstream and midstream asset portfolio in Chad and Cameroon
Gran Tierra Energy Inc. — up to $150 million prepayment facility with Trafigura as lender, with repayments to be deducted from the price payable by Trafigura under commercial contracts for the purchase of crude oil from Gran Tierra's producing fields located in Colombia
Savannah Energy Plc — financing arrangements in respect of Savannah’s 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
Premier Oil Sea Lion Development — representing Premier Oil and its joint venture partners in connection with the proposed project financing of the Sea Lion offshore oil field development in the North Falkland basin
New Age Etinde Project — representing New Age (as operator) in connection with the development and proposed project financing of the Etinde gas export project in Cameroon
Anglo Tunisian Oil & Gas Limited — acquisition of Medco Tunisia, a seven asset upstream oil and gas business in Tunisia, including the associated acquisition financing
Vitol participation in OCTP oil and gas field — Representing IFC, UK Export Finance and eight commercial banks in connection with the $1.5 billion financing of Vitol’s participation in the development of Ghana’s Offshore Cape Three Points (OCTP) oil and gas field. This multi-sourced quasi project and reserve-based lending (RBL) financing also included a Multilateral Investment Guarantee Agency (MIGA) covered facility and benefited from complex World Bank support arrangements in relation to the gas offtake. The project’s overall cost of approximately $7 billion represents the largest foreign direct investment in Ghana’s history, and UKEF’s largest direct loan to date.*
Isramco's participation in Tamar gas field — representing the Lenders and hedge counterparties in connection with the $1.25 billion hybrid RBL bridge and term Dollar/Shekel loan facilities to Isramco for its participation in the development of the Israeli offshore Tamar gas field*
Reliance Industries Limited — representing various export credit agencies and lenders in connection with RIL's ECA financing programme for the expansion of its Jamnagar petrochemicals project and the development of its Reliance Jio 4G project*
Infrastructure
Hellas Gold Single Member, S.A. — €680 million project financing facility for a subsidiary of Eldorado Gold Corporation for the development of the Skouries gold and copper mine in Northern Greece
Mantos Blancos Copper Mine — representing Anglo Pacific Group in connection with its acquisition of a NSR Royalty over all copper produced at the Mantos Blancos copper mine in Chile
Al Wakra Sewage Treatment Plan — representing an international consortium in respect of its bid for a sewage treatment plant in Qatar
Seabras 1 — representing the project company on its $500 million BpiFrance supported financing of a subsea fibre optic cable system between the commercial and financial centers of Brazil (Sao Paolo) and the US (NY)
O3b Networks Limited — Representing the project company on the $1.7 billion financing for the satellite operator O3b Networks Limited. This award winning multi-sourced financing structure brought together one ECA (BpiFrance), 4 commercial lenders, 7 development finance institutions (AfDB, IFC, FMO, DEG, EAIF, Proparco and DBSA) and nine equity investors.*
Reliance Jio 4G Telecom — representing the lenders (including K-Exim and K-Sure) on multiple award winning financings for Reliance Jio 4G Telecom to finance goods and services for 4G infrastructure in India*
* Work completed prior to Bracewell
Publications and Speeches
“United Kingdom: Renewable Energy 2022,” International Comparative Legal Guide, September 2021.
“Square Pegs and Round Holes,” Project Finance International, October 2020.
“United Kingdom: Renewable Energy Laws and Regulations 2021,” International Comparative Legal Guide, September 2020.