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About Priyanka

Priyanka Patel advises clients on a range of finance and project matters, including reserve base lending and cross-border matters in the upstream, midstream and downstream sectors. Priyanka also has experience advising on general corporate and commercial matters in the energy sectors. Prior to joining Bracewell, Priyanka spent six months on secondment to BP Plc.

Experience

Recent Notable Matters

Crédit Agricole — $1.7 billion new financing for McDermott International which includes immediate access to $650 million of financing comprised of $550 million under a term loan credit facility and $100 million under a letter of credit facility, as lead arranger and revolving administrative agent

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 lenders — $900 million borrowing base facility for Oranje-Nassau Energie, based on oil and gas assets in the U.K., Netherlands and Gabon

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

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

Sumitomo Mitsui Banking Corporation Europe Limited — $120 million reserve based facility for the acquisition by Trident Energy (a Warburg Pincus portfolio company) and jointly with Kosmos Energy of Hess International’s interests in Equatorial Guinea and the subsequent amendment and restatement of the facility. The financing is part of a total consideration of $650 million, and is the first acquisition by Trident Energy together with the subsequent amendments and increase to commitments to $160 million.

SDX Energy Morocco — up to $20 million reserve based facility arranged by the European Bank for Reconstruction and Development supported by its assets in Morocco

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

Apache Corporation — financial security in respect of its services contracts in the North Sea

Credit Agricole Corporate & Investment Bank — as lead arranger, in the $4.65 billion financing of McDermott International, Inc.’s all-stock combination with Chicago Bridge & Iron Company N.V., consisting of a $2.26 billion senior secured term loan facility, a $1.0 billion senior secured revolving credit facility and a $1.39 billion senior secured letter of credit facility

BP Plc — agreements with Kosmos Energy to acquire a 62% working interest, including operatorship, of Kosmos’ exploration blocks in Mauritania and 32.49% effective working interest in Kosmos’ Senegal exploration blocks*

A consortium — proposed acquisition of 51% of National Grid’s gas distribution business*

Mercuria Energy Group Ltd — reverse takeover to effect the proposed combination of Andes Energia (now Phoenix Global Resources) and Petrolera El Trébol*

Department for Business, Energy and Industrial Strategy (BEIS) and UK Government Investments (UKGI) — structuring and implementation of privatisation of the UK Green Investment Bank*

* Work completed prior to Bracewell

Credentials

Education

BPP Law School, London,
LPC
2015
with commendation
BPP Law School, London,
LL.B
2015
with first class honours
BPP Law School, London,
GDL
2014
with distinction
University of Cambridge, England,
B.A., M.A.
2013
with first class honours

Bar Admissions

Solicitor of the Senior Courts of England and Wales

News

Insights

Insights

JOA Defaults Reconsidered

January 24, 2018

In the recent decision of Pan Petroleum Aje Ltd v Yinka Folawiyo Petroleum Co Ltd & Ors [2017] EWCA Civ 1525, the Court of Appeal upheld a decision of the High Court that parties to a Joint Operating Agreement (“JOA”) could be temporarily prevented from excluding an alleged defaulting party from participating in, or voting in...