Global law firm White & Case LLP has advised Nexif Energy on the development and senior and structurally subordinated project financing for the expansion of Lincoln Gap Wind Farm in South Australia.

This phase of the project will add 86 MW of generating capacity to the 126 MW of capacity already under construction at the site, located just outside Port Augusta in South Australia. Nexif Energy is backed by Denham Capital, a global energy and resources private equity firm.
 

International law firm Ashurst is advising Ophir on the increase of its existing reserve based lending facility ('RBL') from US$250 million to US$350 million and the extension of its maturity by 18 months.

The increase follows the completion of the acquisition of certain Southeast Asian assets from Santos Limited. The increased and extended RBL will be secured against the group's acquired producing assets in Southeast Asia, including Chim Sao field in Vietnam and the producing fields in the Madura and Sampang PSCs in Indonesia.

Baker McKenzie advised international Germany energy firm DEA Deutsche Erdoel AG on its acquisition of Sierra Oil & Gas Holdings, LP, a leading Mexican upstream company.

Sierra holds six exploration and appraisal blocks in Mexico covering approximately 9,400 square kilometers in the core part of Mexico’s Sureste basin, including a 40% interest in Block 7, which contains a significant part of Zama, one of the world’s largest shallow water discoveries in the past 20 years.

Dentons acted as legal counsel to DTEK Renewables in relation to the implementation of the Orlovka Wind Farm project, in particular by providing legal support during contract negotiations with Vestas, a supplier of the equipment and the EPC contractor for the project. Orlovka Wind Farm is DTEK’s third project in the wind power sector with a total capacity of up to100 MW.

Dentons cross-border team was led by Kyiv Partner Adam Mycyk together with Kyiv Counsel Maksym Sysoiev.

Shearman & Sterling advised a consortium led by Pertamina Power Indonesia, Marubeni Corporation and Sojitz Corporation in connection with the development and financing of the US$1.7 billion integrated LNG-to-power project located in West Java Province, Indonesia. The project achieved financial close on December 5, 2018.

Ashurst and K&L Gates are advising Faroe Petroleum in relation to an unsolicited offer for the company, recently announced by DNO ASA. DNO acquired a 28.2% stake in Faroe in April 2018 and on 26 November announced its firm intention to make an offer of 152p in cash, valuing Faroe at approximately £608 million.

The directors of Faroe have urged shareholders to take no action in relation to the offer and have stated that they consider Faroe to be worth substantially more than 152p per share.