Oil and Gas
The oil and gas industry has long been Norway's most important industry, and will continue to be important for years to come. We work closely with both large and small operators on the Norwegian Continental Shelf and in the supplier industry, and possess in-depth knowledge of all aspects of the industry.
Our lawyers are among the best in the field, combining high professional quality with a practical and commercial approach to the client's needs.
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Our services
- Transactions related to production licences, infrastructure and rights holder companies, including assistance related to planning and implementation of transaction processes, legal review of assets and company structures (due diligence), the drafting and negotiation of sales agreements and other transaction documents.
- Regulatory advice, including assessment of issues relating to the Joint Operating Agreement, unit agreements and other types of cooperation agreements, resource management regulations, safety regulations and infrastructure regulations.
- Government authorisations, pre-qualifications and other contact with public authorities.
- Dispute resolution before the regular courts, arbitration and mediation.
- Agreements and issues related to lifting, transportation and marketing of petroleum, including agreements for the sale of gas, LNG and NGL.
- Financing, including, among other things, financing of exploration activity (based on tax refunds), reserve-based lending (RBL), project financing and bond loans.
- Negotiations, drafting and assessment of every type of operational delivery contracts, including seismic services, drilling services, hire of tonnage and other transport, emergency services and other infrastructure services.
- Major development and restructuring processes, including negotiation and drafting of integration and tie-in agreements, supplier agreements, as well as continuous assistance during the construction phase.
- Tax advice relating to general tax rules and the petroleum tax regime, including acquisition structures, financing and notifications/applications to the Ministry of Finance.
- Tax treaty issues, questions relating to tax liability/permanent establishment and other international tax issues in relation to cross-border dispositions.
- Advice and dispute resolution related to transfer pricing on intercompany sales of petroleum products, services, IP transactions, financing, etc.
Full-service group advising a diverse clientele on a range of corporate mandates relating to transactions and joint ventures. Also knowledgeable in Petroleum Act matters and other regulatory topics such as infrastructure issues. Petroleum tax is another area of expertise. Well versed in litigation and arbitration proceedings, including gas price disputes.