August 7, 2022

Volume XII, Number 219


Oliver Irwin

Oliver advises lenders and sponsors on the development and financing of cross-border projects across a broad range of industries, many of which are the first of its kind in their industry. He has significant experience advising on multi-sourced project financings involving export credit agencies, multilaterals and development finance institutions. He is also a regular speaker at industry conferences.

IFLR1000 has identified Oliver as a “Rising Star” every year since 2013, and he has been ranked by Chambers and Partners each year since 2012, where clients report that Oliver is considered “truly outstanding” and highlight his “knowledge of debt financing” and “drive to get the deal done.” Oliver is also ranked as a “Next Generation Lawyer” for Projects, Energy & Natural Resources: Infrastructure in the Legal 500 2018-19 rankings, and was nominated by in-house counsel and peers to appear in Euromoney’s 2015, 2016 and 2017 “Rising Stars” Expert Guides.

Recent Notable Matters

Impact Oil & Gas Ltd — financing arrangements for the acquisition of an interest by Main Street 1549 Proprietary Limited (a Black Economic Empowerment company) in the Exploration Right for Block 11B/12B (offshore South Africa) and the first exploration well to be drilled on the block, and the associated $35M equity placing, as lender

Premier Oil Sea Lion Development — representing Premier Oil in connection with the proposed project financing of the Sea Lion offshore oil field development in the North Falkland basin

Financing of Vitol participation in OCTP oil and gas field — representing IFC, UK Export Finance and eight commercial banks in connection with the $1.5 billion financing of Vitol’s participation in the development of Ghana’s Offshore Cape Three Points (OCTP) oil and gas field. This multi-sourced quasi project and reserve-based lending (RBL) financing also included a Multilateral Investment Guarantee Agency (MIGA) covered facility and benefited from complex World Bank support arrangements in relation to the gas offtake. The project’s overall cost of approximately $7 billion represents the largest foreign direct investment in Ghana’s history, and UKEF’s largest direct loan to date.*

Financing of Isramco’s participation in Tamar gas field — representing the Lenders and hedge counterparties in connection with the $1.25 billion hybrid RBL bridge and term Dollar/Shekel loan facilities to Isramco for its participation in the development of the Israeli offshore Tamar gas field*

Cerro Dominador — representing EIG in connection with the $800 million project financing of a 100-megawatt PV solar plant and 110-megawatt concentrated solar power (CSP) solar plant in Chile, the first project financing of a CSP solar plant in Latin America*

Saavi Energia — representing Actis in connection with the financing arrangements for its $1.256 billion acquisition of 2,220-megawatt of operating assets in Mexico*

* Work completed prior to Bracewell


Articles in the National Law Review database by Oliver Irwin