Big Law

Clayton Utz's Perth team leads Nido Petroleum deal

Clayton Utz has advised Nido Petroleum on its senior secured borrowing base facility of up to $US30m.

July 21, 2012 • By The New Lawyer

Clayton Utz has advised Nido Petroleum Limited and its subsidiaries on its senior secured borrowing base facility of up to $US30 million provided by Standard Bank.

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Banking partner Rohan Mishra in Perth led the Clayton Utz team, which also included senior associate Kate Casellas and lawyer Amanda Bedford.

The facility will fund a significant portion of Nido Petroleum Limited's share of funding for the Galoc oil field Phase II development, located in the offshore North West Palawan Basin in the Philippines.

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Mishra said the transaction reflected the ability of oil and gas exploration and production companies to secure funding on attractive terms for projects, despite the current uncertain market conditions for financing.

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Clayton Utz's Perth team leads Nido Petroleum deal