Oil & Gas Advisory

We supervise end-to-end sell-side mandates for upstream asset holders - working interests, participating interests, deepwater and shallow-water positions, and overriding royalties - across West African PSC and licence environments. Our role covers transaction structuring, counterparty identification, price defence, completion mechanics, and regulatory management.

We understand the provisions that govern these transactions: pre-emption rights, rights of first refusal, ministerial consent requirements, and the effective date adjustments that frequently erode a headline price. We build these into the mandate from the start.

We raise equity and structured debt for upstream operators at development and production stage, with particular depth in Nigerian marginal fields, deepwater acreage, and Francophone West African concessions. We bring a direct view of what the lender and investor universe will support at the current stage of an asset's development, and we structure financing to survive that test.

Security packages, escrow architecture, offtake arrangements, and cashflow waterfall design are part of every capital-raising mandate we take on.

We advise on the design and governance of joint operating arrangements, the selection of new partners where an asset requires additional equity or technical capacity, and the restructuring of existing JV positions where the original structure no longer fits the commercial reality.

We understand the carried interest mechanics, pre-emption provisions, and operating committee governance that determine whether a JV holds together or becomes a dispute.

We have advised on the strategic transition of upstream operators into downstream trading and refining, including the full repositioning of a major energy group's asset base and revenue model. Where an operator's corporate or asset structure needs reorganising to reflect a change in strategy, we provide the commercial and financial architecture for that transition.