The global E&P market is one characterised by continual change and challenge. As discovery rates decline in established markets, such as the North Sea and Gulf of Mexico, new technologies open up new frontiers of exploration, such as ultra deepwater. World reserves are becoming increasingly consolidated in difficult geographic, political or technical locations, driving the development of innovative business and technological solutions.
The structure of the E&P sector today is one that has been shaped by massive change and development. Periods of consolidation to achieve economies of scale were followed by large programmes of divestment. The days when the 'seven sisters' controlled 85% of the worlds reserves has been followed by the rise of the NOCs, and the re-emergence of the mid-market and junior E&P companies.
This industry, perhaps more than any other requires those that operate within it to be commercially astute, nimble, flexible, proactive and pragmatic. These are characteristic that also need to be exhibited by those that seek to advise them. Clyde & Co prides itself on being there hand-in-hand with our clients, understanding the issues that they face and providing business focused solutions.
Our lawyers' experience spans the entire E&P value chain; many of them bring experience from in-house roles at both operators and energy service providers. This experience enables us to identify and understand commercial and legal aspects alike.
Whether a client is raising finance on equity or debt capital markets, listing securities, buying or selling companies or assets, constructing physical facilities, addressing operational HSE issues, seeking clarification on compliance and regulatory matters, navigating complicated employment matters or seeking to litigate, our lawyers have the expertise and experience to ensure a successful conclusion.
Areas of focus in the E&P Sector
- Corporate and asset acquisitions and disposals including portfolio management and farm-ins and farm-outs
- Corporate finance for acquisitions, developments and capital commitments including private equity investment and debt and equity capital markets
- Stock exchange listings
- Joint ventures and commercial contracts, including production sharing agreements, licences and concessions and operational documentation
Project documentation including specialist EPC advice for the construction or modification of production facilities and associated infrastructure