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Our wealth of experience in the various fields of power, oil & gas and the environmental sector puts us in a vantage position to provide excellent service to our clients and add significant value to their operations within the complex energy industry in Nigerian and other parts of Africa. We have advised numerous clients on various LPG projects including the development of LPG terminals; guided the first indigenous oil company in a West African country through the process involved in the acquisition of majority interests in an oil bloc while also advising on the legal, regulatory and financing issues involved in the transaction and continue to act as external solicitors; advised a Nigerian consortium on the establishment of a gas park in South-South Nigeria and provided legal support to a number of investors for the procurement of oil prospecting licences and oil mining leases.
Our Energy team advised two major indigenous oil and gas companies on participation in the marginal oil fields programs in Nigeria, one of which was successful and subsequently won the bid to lay the Escravos/Egbin Gas Pipeline, a project for which the team also provided legal and regulatory advisory support. We were active participants in the review and negotiation of the definitive contracts such as the Farm In Agreement, Joint Operation Agreement, Accounting procedure, Initial Work Programme, etc. required in relinquishing 40% interest of the Marginal filed to an indigenous oil company.
We have also acted as legal advisers in respect of separate bids by oil companies, for securing crude oil lifting licenses from the Nigerian Government. As part of our services, we advised the clients on the fiscal and tax regimes as well as the governmental regulatory regimes relating to the transactions and proffered working solutions to them.
In addition, our Firm has 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.
Our Port Harcourt office gives us a competitive edge, being situated in the heart of the nation’s oil producing region and close to the operational bases of the sector participants while Abuja office facilitates our ease of engagement with regulatory bodies and other stakeholders.
We have advised private sector investors in the power sector on the acquisition and concession of Successor Companies in the Nigerian power privatisation process. We similarly provided legal advisory and due diligence services to the Government and core investors alike. We supported Clients in Tariff negotiations with NERC and Embedded Power Generation Companies. We 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 also partnered with other International Firms in the divestment of 60% of an Electricity Distribution Company (EDC) to an Investor in the Power and Gas Sector while also advising one of the investors on meeting the $250 million CAPEX requirement for acquiring a distribution company. We also provided legal advisory, due diligence and support services to the EDC to successfully satisfy all conditions precedent to for the grant of an electricity market stabilisation facility by the Central Bank of Nigeria (CBN) to the tune of N5,000,000,000 (Five Billion Naira).
Our Energy team has advised a number of private sector players including an electricity distribution company on the legal and regulatory issues on Embedded Generation projects across various parts of the country. We also continue to provide transaction advisory services to power project developers. Other notable projects in the sector for which we are presently acting as legal advisers and solicitors include:
Beyond providing legal services to private sector participants in the electricity industry, we have advised government corporations in the sector on the drafting and review of Agreements and Transaction documents such as Risk Matrix Reports, Connection and Interface Agreement, Transmission Use of System Agreement, Pre-Transition Reserve and Frequency Control Contracts, Bulk Power Purchase Agreement, Standard Vesting Contracts, Network Entry and Exit Agreements, Gas Transportation Agreements, Gas Supply and Aggregation Agreements, Market Rules, Grid Distribution Agreements and Share Purchase Agreements.
Our expertise in the sector also extends to the provision of legal advisory services to a state government in the South-West on a waste to power project while other related service offerings to utilities, power developers, investors and other industry stakeholders include negotiation of Power Purchase Agreements and bilateral trading agreements, Business Process Re-Engineering from a legal and governance perspective which involves formulation of KPIs for the Legal and Regulatory Department, developing Board/Board Committee Charters, and developing a Corporate Governance and Regulatory Compliance Framework. We also offer Dispute Resolution Services.
In respect of Environmental Law, we have acted as legal and environmental consultants for the full implementation of the Carbon Emissions Project of the Federal Government pursuant to Nigeria’s obligations under the Kyoto Protocol and the local legislation(s) and regulation(s) adopted in this regard. In this regard, we advised the government on the modalities for compliance with the provisions of international agreements, protocols, conventions and treaties on the environment. The Firm has also provided legal support and legal services to several oil companies in resolving environmental disputes with oil-bearing communities and oil producing states.