News

21


August, 2014

ADVISORY Advises ConocoPhillips on its US$1.5bn Sale of its Nigerian Business and its Exit from Brass LNG

ADVISORY Legal Consultants is pleased to announce the successful closing of the US$1.5bn sale by ConocoPhillips of its Nigerian upstream oil and gas business to Oando Energy Resources. The firm advised ConocoPhillips on this transaction. Oando will own all the issued share capital in the following ConocoPhillips subsidiaries: Phillips Oil Company Nigeria Limited, Conoco Exploration and Production Nigeria Limited and Phillips Deepwater Exploration Nigeria Limited. Collectively, these subsidiaries hold a 20% non-operating interest in OMLs 60, 61, 62, 63; a 95% operating interest in OML 131 located 70 km offshore; and a 20% non-operating interest in OPL 214 (now OML 145) located 110 km offshore. As required by the Petroleum Act of 1969, the transaction received the consent of the Honourable Minister of Petroleum Resources in June 2014.

The firm also advised ConocoPhillips on its exit from Brass LNG Limited, the developer of the 10 mtpa Brass LNG plant in Bayelsa State, Nigeria. ADVISORY continues to provide cutting-edge legal support to clients involved in acquisitions and divestments within the Nigerian oil and gas industry.


Published on August 21, 2014

15


June, 2014

2014 Natural Resource Charter Conference at Oxford

Our ‘Gbite Adeniji was a panel speaker at the 2014 Natural Resource Charter Conference organized by Natural Resource Governance Institute (formerly Revenue Watch Institute) and co-hosted by the Oxford Centre for the Analysis of Resource Rich Economies (“OxCarre”). The Conference held at University of Oxford on June 12 and 13, 2014 and it focused on the theme “Strengthening Resource Governance: Policy and the Application of Measurement.” It brought together distinguished policy makers, practitioners, academics and other leading experts to discuss the latest research and policy relating to the governance of resource wealth. ‘Gbite was invited to speak on “Emerging Challenges in the Resource Sector in Nigeria”.

The Natural Resource Charter is a global initiative that aims to support governments and societies of resource-rich countries harness the economic opportunities of extractive industries. ‘Gbite serves on the Expert Panel of the Nigerian Natural Resource Charter, which is part of the Natural Resource Charter.


Published on June 15, 2014

12


June, 2014

IFLR Recommends ADVISORY for Energy and Infrastructure

We are pleased to announce that based on market feedback, ADVISORY Legal Consultants has been endorsed as a Recommended Firm in the International Financial Law Review (“IFLR1000”)/Petroleum Economist: Energy and Infrastructure Guide (2014). The Guide provides a definitive look into the industry’s leading law firms and lawyers in Sub Saharan Africa.

IFLR commented: “Advisory Legal Consultants is a more low-key firm, which has cultivated an image as a classy energy and infrastructure boutique. The firm has serious credentials especially when it comes to gas transactions, mining regulations and oil and gas deals”.


Published on June 12, 2014

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

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info@advisoryng.com

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(Off Admiralty Way), Lekki Phase 1

Lagos, Nigeria

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