For a long time, oil was, and continues to be, the mainstay of the Nigerian economy, and despite diversification efforts, it continues to play a very important part in the economy. At Olaniwun Ajayi, we work with clients in the upstream, midstream, and downstream oil & gas sectors, as well as the entire LNG value chain, including marketing, transportation, and logistics. We advise international and indigenous oil companies, project sponsors, service companies, and financial institutions on various matters, including divestitures and asset acquisitions, licensing and regulatory matters, equity, debt and structured financing, restructurings, taxation, corporate and project finance, amongst others.

We engage in disputes, regulatory compliance, competition, state aid rules, infrastructure development, marketing and trading, and M&A transactions for our clients in this sector. We advised Sterling Oil Exploration and Energy Production Company Ltd (SEEPCO) on its $3.15 billion investment in the development of OML 13 through an alternative financing structure, an innovative funding template which we pioneered. We were also glad to recently advise Seplat Petroleum Development Company Plc. On its proposed circa £382 million cash acquisition of the entire issued capital of the Aberdeen oil group, Eland Oil and Gas Plc.