Advisory Legal Consultants

Nigeria

Address:
33B Adebayo Doherty Street
Lekki Phase 1
Lagos
Nigeria

+234 (0)7000 2384 7679


Key contacts:

Partner: Ike Oguine
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Partner : ‘Gbite Adeniji
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Quick facts:

Key Expertise: Petroleum Operations, Gas Supply, Transportation and Processing, Electricity, Energy M&A, Energy Finance
Jurisdictions Admitted: Nigeria, New York


ADVISORY operates the first boutique practice that is dedicated to the energy, natural resources and infrastructure sectors. Founded in 2012 by two leading energy lawyers in Nigeria – Ike Oguine and ‘Gbite Adeniji, the firm is distinguished by the unrivalled mastery of the nuances and subtleties of the energy, natural resources and infrastructure sectors by its lawyers, who routinely proffer cutting-edge solutions to a myriad of complex regulatory and commercial issues that arise in project development, financing, operations, regulatory compliance and transactions. The firm’s lawyers have either acquired extensive experience as in-house counsel with major oil and gas companies and financial institutions or have chosen to deepen their sector focus after having distinguished themselves in some of the leading commercial law practices in Nigeria. Its lawyers have also worked at the highest levels of Nigeria’s national oil company and the Ministry in charge of petroleum as a result of which they have unrivalled insights into regulatory and policy issues within the sector. This combination of experiences provides its clients with the best qualities of in-house and external counsel perspectives and a commitment to provide the highest quality service at the best overall cost, taking into consideration client’s needs for prompt and holistic advice.

ADVISORY’s clients include Chevron, Exxon Mobil, Petrobras, Schlumberger, Nigeria LNG, Greenville LNG, Golar LNG, West African Gas Pipeline Company, Aiteo, Amni International, Lekoil, Folawiyo Aje Services, Platform Petroleum, All Grace Energy, Green Energy International, Brass Fertilizer & Petrochemical Company.

  • Asset finance
  • M&A
  • PPP/PFI
  • Project development
  • Project finance

Mergers & Acquisitions:

Ike Oguine

oguine@advisoryng.com

 

Recent transactional highlights:

  • Transaction Counsel to ConocoPhillips on the US$1.5 billion sale of all its Nigerian upstream oil and gas business to Oando Energy Resources and on its exit from the Brass LNG Project.
  • Advised Platform Petroleum on its $20m acquisition of a 40% interest in the Abigborodo and Hely Creek Marginal Field, in OML 49.
  • Advised Sigmund Oil Fields on the $20m farm-in by Salvic Petroleum into a PSC block (OPL 2012) and the Agbara unitized field straddling two petroleum concessions.
  • Advised on the divestment of the participating interest of an upstream asset owner from OML 18.
  • Advising an independent exploration and production company in the negotiation of a production sharing contract in respect of an offshore oil block awarded during the 2007 bid round.
  • Represented Waltersmith Petroman Ltd in negotiating production sharing agreements with the Government of Uganda in respect of the Turaco oil blocks in Uganda.
  • Advised on the partial divestment and operational structure of the 128km East Horizon Gas Pipeline.
  • Advised three Consortia in their bids to acquire Geregu II, Omotosho, Olorunsogo, Gbarain and Ihovbor National Integrated Power Project (“NIPP”) Plants.
  • Advised a UK based private equity investor – Quantum Power in its bid to acquire a controlling interest in Oando Gas & Power (now Axxela).
  • Advising a private equity investor on the acquisition of a local gas distribution company in Lagos.
  • Advising several investors on the acquisition of rights to access flare gas resources under the Nigeria Gas Flare Commercialisation Programme (“NGFCP”)

 

Asset Finance

Jumoke Fajemirokun

fajemirokun@advisoryng.com 

 

Recent transactional highlights:

  • Advising project sponsor on the equity and debt financing of a US$3.5bn petrochemical complex.
  • Advising an independent exploration and development company on a Carry Agreement with the Nigerian National Petroleum Company (“NNPC”) for financing the development of an oil field.
  • Advising an IOC on renegotiating its project funding structure with NNPC for capex recovery and operational expenditure for an existing gas processing plant. 
  • Advising a Fortune 500 oilfield services company on establishing a production management/contractor-financing model in Nigeria and providing due diligence support on several contractor financing transactions. 
  • Advising the operator of an upstream joint venture on the structuring and documentation of an alternative funding structure for the development of an oil field.  
  • Advised on the N4bn finance for the revamp and optimization of the Egbaoma gas processing plant in OML 38.

 

Project Development

‘Gbite Adeniji

adeniji@advisoryng.com 

 

Recent transactional highlights:

  • Project Counsel to the West African Gas Pipeline Company on the Western Interconnection to the West African Gas Pipeline (“WAGP”), which has achieved the reverse-flow of gas in the pipeline and has transformed WAGP into a bi-directional pipeline system.
  • Project Counsel to Brass Fertilizer & Petrochemical Company Limited on the development of a US$3.5 billion urea/methanol facility. 
  • Advising a pioneer domestic LNG producer and operator of a virtual pipeline network in Nigeria on the supply of re-gasified LNG to a power plant in the Northern Nigeria. 
  • Advising a global LNG trader on the development of a floating LNG regasification and storage unit along Nigeria’s coastal waters.
  • Project counsel to Energia on the development and financing of a ~ US$100 million modular multi-products oil refinery in Delta State.
  • Project counsel to the developer of a precedent-setting integrated LNG-to-power project to be developed as part of the “Light up Lagos” Project. 
  • Advising Yellowstone Power Limited on the development of its 350 MW Ajaokuta IPP in Kogi State.
  • Acting on the buy and sell-sides of several gas sale agreements including a gas supply and transportation agreements for some of the investors in a major PSC development. 

  • Energy
  • Government and public policy
  • Mining
  • Natural resources
  • Oil and gas
  • Social infrastructure
  • Transport
  • Utilities