News


29


January, 2021

ADVISORY’s Client, Brass Fertilizer and Petrochemical Company Limited, Secures Final Investment Decision on the Development and Construction of the First Methanol Production Facility in Nigeria

ADVISORY, Legal Consultants is pleased to announce that our client, Brass Fertilizer and Petrochemical Company Limited (BFPCL), has secured a Final Investment Decision from DSV Engineering Limited (DSV), Nigeria National Petroleum Corporation (NNPC), and the Nigeria Content Development and Monitoring Board (NCDMB) (sponsors), for the construction of the first ever methanol plant in Nigeria.

 

The $3.6 billion project, which comprises a world-scale 2 x 5,000 MTPD methanol production facility and a 500 MMscf/d gas processing plant, will be located in a designated oil and gas free trade zone, in Odioama, Brass Island, Bayelsa State and will unlock stranded gas reserves to meet methanol demand in Nigeria’s domestic and export markets whilst creating significant employment opportunities and fostering the development of the host community.

 

As Project Counsel, ADVISORY, Legal Consultants has assisted the developers to negotiate and finalise key project agreements including equity raise documentation, the Gas Sales and Purchase Agreement (GSPA) between BFPCL and the NNPC/Shell Petroleum and Development Company Joint Venture (SPDC JV), as well as the Project Management Consultancy contract with TATA Consulting Engineers Limited (TCE), India.

 

Managing Partner, ‘Gbite Adeniji commented: “It is a matter of immense privilege and pride for us at ADVISORY, Legal Consultants, to be able to associate ourselves with this project right from its foundation. We thank the promoters of the project for their confidence in our firm and the opportunity to be part of this ground-breaking project.”

 

We look forward to providing continued support to BFPCL as it attains other project milestones, such as the attainment of financial close and the eventual delivery of a world-class methanol and gas processing project.

 

Below are pictures from the FID Ceremony, which held on January 29, 2019, at Transcorp Hilton, Abuja.

 

BFPCL FID Ceremony at Transcorp Hilton Abuja, January 29, 2021
L-R ‘Gbite Adeniji, Managing Partner, ADVISORY; Ben Okoye, Executive Chairman, BFPCL; Frank Nweke II, Director, BFPCL; and Jumoke Fajemirokun, Partner, ADVISORY

BFPCL FID Ceremony at Transcorp Hilton Abuja, January 29, 2021

BFPCL FID Ceremony at Transcorp Hilton Abuja, January 29, 2021


Published on January 29, 2021

21


September, 2020

Firm Update

Our partner, Mr Ike Oguine, has decided to take temporary leave of absence from the firm. He has made this decision in response to allegations made against him in the course of proceedings instituted by the Federal Government of Nigeria to set aside a high-profile arbitration award. These allegations relate to the period during which he served as Coordinator, Legal Services of the Nigerian National Petroleum Corporation. Mr Oguine denies any wrongdoing but considers it desirable to take this leave of absence to enable him devote his time to dealing with the said allegations and to ensure that publicity from the ongoing proceedings does not adversely affect the firm and its clients.


Published on September 21, 2020

24


July, 2020

ADVISORY Acts as Project Counsel on the Phase II development of the Otakikpo Marginal Field

ADVISORY Legal Consultants is pleased to have advised the Green Energy International Limited (GEIL) and Lekoil Oil and Gas Investments Limited (LEKOIL) Joint Venture in respect of a drilling program and the development and sharing of infrastructure within the Otakikpo marginal field in OML 11 block.

 

The development of this world-class project, which will be managed by Schlumberger, has forged ahead in spite of the low oil price environment. As Project Counsel, we developed and assisted the JV with the negotiations of key project contracts including agreements for the drilling program, the use of all facilities to be developed for the evacuation of crude oil from the Otakikpo field and, for the overall management of the project.

 


Published on July 24, 2020

7


February, 2020

New Partner Announcement

We are pleased to announce that Olajumoke Arowolo is the newest Partner in our Firm.

 

Olajumoke is a seasoned commercial lawyer with a practice focused on the energy and infrastructure sectors. She has a deep understanding of contractual frameworks, deal dynamics and financing structures for projects in the petroleum and wider energy sector.

 

She is actively engaged as counsel in asset acquisitions, structured financings, and some landmark energy projects. We are especially proud of the significant role she has played in the past couple of years as lead external legal counsel to the West African Gas Pipeline Company Limited on a set of complex regulatory and transactional assignments underpinning the development of the Western Interconnection Project for the enlargement and extension of the West African Gas Pipeline (WAGP) – the regional gas pipeline in West Africa constructed across 4 countries. She is also currently leading the drafting and review of financing agreements in respect of an ongoing multimillion-dollar project for the development of upstream and midstream facilities by a joint venture of Nigerian independents.

 

We congratulate Olajumoke for her dedication and commitment to our vision for the delivery of high-quality legal services to clients in the energy and natural resources sectors through our exceptional specialists.


Published on February 7, 2020

8


March, 2019

ADVISORY hosts Business Luncheon on the Nigerian Gas Flare Commercialisation Programme

On March 7, 2019, ADVISORY hosted gas producers and gas project developers to a business luncheon discussion on the Nigerian Gas Flare Commercialisation Programme (“NGFCP”).

The event was organised to commemorate the return to the firm of one of its founding partners, Gbite Adeniji, who had taken a leave of absence to serve as Senior Technical Adviser (Upstream and Gas Policy and Regulations) to the Honourable Minister of State for Petroleum Resources between January 2016 and December 2018. The NGFCP was one of Gbite Adeniji’s signature achievements, together with the Flare Gas (Prevention of Waste and Pollution) Regulations, 2018, the Nigerian Gas Policy, 2017, the Nigerian Petroleum Policy, 2016 and a host of other reform initiatives.

The discussion was led by Gbite Adeniji and Pacer Guobadia.

 


Published on March 8, 2019

Providing bespoke transactional, regulatory and legal advisory services to businesses and projects in Nigeria’s energy, resources and infrastructure sectors.

CONTACT US

info@advisoryng.com

33B Adebayo Doherty Street

(Off Admiralty Way), Lekki Phase 1

Lagos, Nigeria

+ 234 (0) 7000 2384 7679


Copyright © 2021. All Rights Reserved

Terms of Use & Disclaimer