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Our wealth of experience in the various fields of power, oil & gas, and environmental law puts us in a vantage position to provide excellent service to our clients. We have an advantage and competitive edge with our Port Harcourt office which is situated in the heart of the nation’s oil producing region.
Services we have rendered include:
Most notably, we supported an Electricity Distribution Company in Tariff negotiations with NERC and Embedded Power Generation Companies and advised on the legal and regulatory requirements regarding the cost components and allowable deductions in determining the tariff margins based on the building blocks of the Multi Year Tariff Order (MYTO).
This included the production of tariff models based on input assumptions (using several scenarios in line with NERC requirements) that assured our Client of revenue recovery over the 10 Year price control period. Our role involved critically analysing the input assumptions and ensuring that the tariff model(s) based on the several scenarios are in line with the MYTO 10 Year Order, the MYTO methodology and other associated laws and regulations.
We participated in the legal review of all Industry Agreements and Transaction documents, i.e. Risk Matrix Reports, Connection and Interface Agreement, Transmission Use of System Agreement, Pre-Transition Reserve and Frequency Control Contract Draft, Draft Bulk Power Purchase Agreement, Draft Standard Vesting Contract, Draft Network Entry and Exit Agreements, Draft Gas Transportation Agreement, Draft Gas Supply and Aggregation Agreement, Market Rules, Grid Distribution Agreements, Draft Share Purchase Agreement, Draft Joint Venture Agreement.
OIL AND GAS
The firm has been involved in advising two major indigenous oil and gas companies on participation in the marginal oil fields programs in Nigeria, noting that one of the two companies was successful. In addition, the company that won the bid to lay the Escravos/Egbin Gas Pipeline was effectively advised by our team of legal experts.
As part of our services, we advised the client on the fiscal and tax regime as well as the governmental regulatory regimes relating to the transaction and advised working solutions to them. We were active participants in the reviewing and negotiation of the definitive contracts such as the Farm In Agreement, Joint Operation Agreement, Accounting procedure, Initial Work Programme, e.t.c required in relinquishing 40% interest of the Marginal filed to Lekoil.
We have represented clients on various matters including but not limited to oil concessions, procurement and regularisation of prospecting licenses; legal documentation for funding and acquisition of project sites for a private petro-chemical company.