Offshore and energy
We advise on all aspects of the offshore industry, including the financing of the acquisition and/or construction costs of floating production storage and off-take facility (FPSO), floating storage and offloading vessels (FSOs), drillships, semi-submersibles and drilling rigs of all types and advising on the terms, construction and conversion contracts for rigs and FPSOs; charterparties for offshore support vessels and tankers; contracts for hire of platforms and construction of pipelines; vessel financings and leasing options and risk management.
The firms unique combination of expertise and the extensive experience gained by advising on offshore projects and project financings throughout the world have made Norton Rose the legal adviser of choice in relation to some of the world’s largest offshore matters:
The practice has acted in the successful financing of a significant number of FPSOs, FSOs and various types of offshore oil and gas drilling/production units. In such transactions the practice has represented both financiers (whether debt providers or lessors), contractors and field operators, gaining wide experience of the points of concern, key characteristics and the issues/challenges that may potentially arise in transactions of this type in relation to the various parties;
We not only have vast experience in traditional syndicated loan finance for offshore assets, we also have cutting edge experience in the areas of tax-based leasing products, limited recourse project financing, Islamic financing techniques and ECA backed facilities.