Industry
Natural Resources
Hydrocarbons and minerals — production sharing, licensing, asset transactions and extractive regulation.
Upstream activity is organised around production sharing contracts with Petrobangla and its operating companies; minerals operate under a separate licensing regime. Both sit within an energy policy framework that is actively being revised.
We advise international operators, service companies and financiers on licensing, farm-ins, asset transactions and the regulatory and tax consequences that follow.
What we do in this sector
- Production sharing contracts and licensing
- Farm-in, farm-out and interest transfers
- Upstream asset acquisitions and disposals
- Joint operating and unitisation agreements
- Mining licences and extractive permitting
- Environmental and community obligations
Selected experience
- Bangladesh counsel to Ophir Energy on the acquisition of Santos' Bangladesh assets.
- Represented Zhenhua in a USD 2 billion bid for three gas fields.
Mandates in this sector
IFC and Excelerate Energy · Transaction counsel
Floating storage and regasification LNG terminal at Maheshkhali — the country's first LNG terminal, including PPP transaction advisory, project development and permitting
Mitsubishi · Local counsel
Advice on the potential acquisition of LNG assets in Bangladesh
Ophir Energy · Local counsel
Acquisition of Santos' Bangladesh exploration assets, and the subsequent Medco transaction
Zhenhua · Bidder's counsel
Bid for three gas fields
Evergreen · Issuer's counsel
Hong Kong Stock Exchange listing
Anwara Chinese Economic Zone / China–Bangladesh Iron & Steel Production Zone · Diligence counsel
Legal due diligence on economic zone development
The World Bank · Lead local counsel
Financial Sector Reform Programme — redesign of the banking regulatory framework, and drafting of the Bankruptcy Act 1997
China Exim Bank · Counsel
Project financing of the 2 × 662 MW Payra thermal power plant
ONGC, OIL, POSCO and Daewoo · Local counsel
Offshore production sharing contracts
China Shandong Hi-Speed and Sinohydro · Acquirer's counsel
Acquisition of a 49% stake in the First Dhaka Elevated Expressway
Beringia and Pendekar Energy · Transaction counsel
Acquisition and consolidation of power plants
Hong Kong Stock Exchange listing — Evergreen · Issuer's counsel
Bangladesh counsel on the Evergreen initial public offering
Platinum Equity · Acquirer's counsel
Tax due diligence on the Hop Lun acquisition
El Paso · Counsel
Successful corporate tax exemption