find the latest legal job
Monash University Director Workplace Relations
Category: Industrial Relations and Employment Law | Location: All Melbourne VIC
· Exceptional senior leadership role
View details
Personal Injury Lawyer - Melbourne Eastern Suburbs - 2-5 years PAE
Category: Personal Injury Law | Location: Lilydale VIC 3140
· Fulfilling role as part of a small team in a positive workplace
View details
Legal Counsel
Category: Banking and Finance Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· In-house opportunity · Be part of our engine for success in a high growth business
View details
Trainer/Assessor Diploma of Legal Services
Category: Other | Location: Liverpool NSW 2170
· 3 Days Per Week · 9am - 4pm
View details
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Adelaide CBD · Join a leading Adelaide commercial law firm
View details
Freehills does double deal for one client

Freehills does double deal for one client

Freehills has advised Roc Oil Company on two deals, one in South-East Asia and one in Africa._x000D_

FREEHILLS has advised Roc Oil Company Limited on two deals, one in South-East Asia and one in Africa.

The Freehills team was led by partner Rob Merrick in corporate, energy and resources, and senior associate Lynda Tully  in the same group.  The team also included partner Joel Rennie in banking and finance and graduate Josh Spry in corporate, energy & resources.  

ROC general counsel included Leanne Nolan and in-house lawyer Madeline Baines.


In the first transaction, Freehills advised on the entry into a Small Field Risk Service Contract ("SFRSC") for the pre-development and development of the Balai Cluster Fields offshore Sarawak, Malaysia.  The SFRSC was awarded by Malaysian National Oil Company PETRONAS to a contractor group comprising ROC (48 per cent), Dialog Group (32 per cent) and PETRONAS Carigali (20 per cent). The SFRSC is a new petroleum arrangement being implemented in Malaysia to encourage the development of marginal fields.  In this arrangement, PETRONAS is the owner of the project and the contractor group is the service provider. 

The contractor group contributes all of the pre-development and development capital and is compensated accordingly with cost reimbursement and a remuneration fee for services rendered. The remuneration fee is based on oil and gas production and the attainment of key performance indicators.


In the second transaction, Freehills advised ROC on the sale of all of its interests offshore Mauritania, including its interest in the producing Chinguetti oil field, to Tullow Oil plc. The sale is subject to normal conditions precedent, including regulatory and partner consents.


Freehills' Merrick said: "We are delighted to have assisted ROC deliver on its stated strategies of exiting Africa and re-deploying capital to the generation of future growth opportunities in the South-East Asian region."



Promoted content
Recommended by Spike Native Network