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Mathew C. Kidwell

Partner
+44.(0).20.7360.8141
Fax +44.(0)20.7648.9001
+971.4.427.2700
Fax +971.4.447.5225
Mathew C. Kidwell is a partner in the firm’s Energy, Infrastructure & Resources group practicing in the field of project development and finance with more than 18 years’ experience in the petroleum sector. Mr. Kidwell divides his time between the Firm’s London and Dubai offices. He has worked on major projects throughout the energy chain from and including oil & gas exploration and production (including Enhanced Oil Recovery and deepwater operations) , pipelines and transportation, LNG, storage, regulation, processing and refining, and petrochemicals. He represents national and international oil companies, project sponsors / developers, banks and host governments. In recent years, he has handled project assignments in Europe, South America, Africa, Central and South East Asia, as well as throughout the Middle East.

Mr. Kidwell has been selected for inclusion in a number of the leading legal expert guides, including the International Who's Who of Business Lawyers, The International Who's Who of Oil and Gas Lawyers and The World's Leading Energy & Natural Resource Lawyers.

He has been resident in the UAE since 2003 and now divides his time between our offices in the UAE and London.

Professional Background

Prior to joining the Firm in 2010, Mr. Kidwell was a partner of a leading international law firm headquartered in New York.

From 1998-2003, Mr. Kidwell was based in the London office of a leading US energy law firm, at which he handled major energy transactions around the world including an assignment with a leading US energy company for which he was resident in Brazil for 9 months.

Mr. Kidwell commenced practicing law in 1989. Early in his career, he developed a specialism in finance law, working in the project finance group of a leading City of London finance practice until 1998.

Achievements

Mr. Kidwell has been selected for inclusion in a number of the leading legal expert guides, including:

  • The International Who's Who of Business Lawyers
  • The International Who's Who of Oil and Gas Lawyers
  • The World's Leading Energy & Natural Resource Lawyers

Professional/Civic Activities

  • Member, The Law Society of England & Wales
  • BOT Expert Group, United Nations Economic Commission for Europe
  • Member, Association of International Petroleum Negotiators (AIPN)
His recent work involves some high profile and complex multi-jurisdictional infrastructure projects, including advising:

Oil & Gas – Upstream
  • A national oil company in relation to their bid to acquire E&P assets in Peru.
  • A national oil company in South East Asia in relation to their bid to acquire certain offshore E&P and pipeline assets from a “supermajor”.
  • An Asian national oil company in relation to their development of a petroleum E&P project in North Africa, including the procurement of engineering & construction works and well services.
  • An oil major, as lead investor and operator, in relation to the grant of a new production concession and formation of a JV of domestic and international oil companies to develop a field with estimated reserves of 2.4 billion barrels of heavy oil using thermal Enhanced Oil Recovery (EOR) techniques. The assignment involved negotiating the terms for crude oil handling and transportation through an export pipeline and a quality bank mechanism to compensate for the quality differentials between the existing blend of shippers' oil in the pipeline and the heavy oil production from the new field.
  • A national oil company in relation to the grant of a new production concession and formation of a JV with a “supermajor” to develop and operate a sour gas field.
  • An oil major in relation to the formation of a joint venture with a Middle East government agency to assume responsibility for operating a producing field.
  • A consortium of prominent Abu Dhabi and Kazakh investors on the acquisition, development and prospective selldown of participations of an oil/gas block in Western Kazakhstan.
  • An oil major throughout their successful bid to acquire an interest in an integrated gas project in the Middle East and subsequent negotiations for the purchase and related accession arrangements. In addition:
  • An international energy company in relation to the formation of a joint venture with a host government and a “supermajor” to promote a Middle East integrated gas project. This project was short listed for the "International Project Finance Deal of the Year Award" by the International Financial Law Review.
  • An US oil major in the evaluation of offshore producing assets in the Bulungan and Ambalat basins (Indonesia), including the review and analysis of production sharing contracts.
  • An international oil company in relation to various issues arising from a prior acquisition of various upstream interests in Libya under Exploration & Production Sharing Agreements.
  • A consortium of UAE and Kazakh investors on the acquisition of Nations Energy, a Canadian corporation with upstream assets in Kazakhstan and Azerbaijan.
  • An Indian oil company on the proposed acquisition of a part interest in a company with upstream oil and gas interests in Africa, including preparing share purchase agreement, shareholders agreement, funding agreement and crude oil purchase agreement
  • An oil major in relation to the parties' respective liabilities and duties under a production sharing contract in Libya.
  • An oil major on an upstream development (oil and associated/non-associated gas) in the Arabian Gulf region.
  • A bank as arranger of an adjustable borrowing base revolving credit facility for the development of offshore oil fields located in West Africa.
  • A bank as lead arranger of syndicated non recourse revolving/borrowing base loan facilities to finance oil and gas developments in the UK and Dutch sectors of the North Sea.
  • A US private equity fund, as the principal equity participant in an investment vehicle for participations in North Sea gas fields in relation to limited recourse senior debt facilities. The purpose of that facility was to fund the acquisition and development of gas field participations.
  • The holder of the majority interest in an Irish gas field in negotiations with a bank for limited recourse senior loan facilities to finance the development of the field (including construction of a pipeline).
  • The sponsors of a major oil field development in the Russian Federation in negotiations with senior lenders for syndicated limited recourse loan facilities.
  • An international energy company in its acquisition of British-Borneo's participating interest an exploration block in the Cambay Basin (arising under a Production Sharing Contract and Joint Operating Agreement).
Pipelines
  • An oil major throughout their successful bid to acquire an interest in a subsea pipeline project in the Middle East and their subsequent negotiations for the purchase and related accession arrangements. In addition:
  • An international energy company in relation to the formation of a joint venture with a government agency and a “supermajor” to promote a subsea pipeline project. This project was short listed for the "International Project Finance Deal of the Year Award" by the International Financial Law Review.
  • An oil major in relation to the financing of a cross-border sub sea natural gas pipeline in the Arabian Gulf, involving conventional and Islamic project finance totaling US$ 3.45 billion. The US$ 1 billion Islamic tranche was based on an Islamic Istithna'a (commissioned manufacture) instrument and. was the largest Shari’ah-compliant funding to be completed in the oil and gas sector at the time.
  • An oil major in relation to the procurement and construction of a crude oil pipeline in the Sultanate of Oman, including the drafting of the engineering and construction contract and the preparation of related tender documentation.
  • An oil major, as lead investor and operator, in relation to the grant of a new production concession and formation of a JV of domestic and international oil companies to develop a field with estimated reserves of 2.4 billion barrels of heavy oil using thermal Enhanced Oil Recovery (EOR) techniques. The assignment involved negotiating the terms for crude oil handling and transportation through an export pipeline and a quality bank mechanism to compensate for the quality differentials between the existing blend of shippers' oil in the pipeline and the heavy oil production from the new field.
  • An Indian oil company in relation to the construction of a multi product pipeline in North Africa on a build-operate-lease-transfer (BOLT) basis and structuring for a prospective project financing.
  • A major international energy company on the Cuiabá II gas-fired power project in Mato Grosso, Brazil, including the transportation arrangements for the feedgas to be shipped in from gasfields in Bolivia through a new pipeline that was under construction.
  • The holder of the majority interest in an Irish offshore gas field in negotiations with a bank for limited recourse senior loan facilities to finance the development of the field and the construction of a gas pipeline.

LNG, Ports and Terminals

  • A Middle East national oil company in relation to their JV with certain Japanese oil companies to develop storage facilities at the Port of Kiire, Japan.
  • A “supermajor” in relation to the refurbishment and expansion of an existing liquefaction plant and terminal facilities in North Africa as part of an integrated project including natural gas production, transportation and processing, and the production and marketing of LNG and condensates.
  • A “supermajor” as lead investor in relation to an LNG project, involving the development of an integrated upstream/LNG project comprising two trains with a total nameplate capacity of 14 million tons a year. The assignment involved the development of the pivotal Gas Sales Agreement from the upstream to the midstream owner/operator in parallel with the upstream concession agreement and the LNG sales contracts in various markets.
  • A “supermajor” as developer of a greenfield LNG port, regasification and gas transportation facility in India.
  • The principal sponsor of a project to finance (on a limited recourse basis) and construct an LNG vessel on the basis of a long term charter party with a project financed power plant.
Oilfield Services
  • A US oilfield services company, in relation to a succession of commercial arrangements for the provision of specialist drilling services (including DD, LWD and MWD) and of proprietary drilling tools and methods in various international locations, including the drafting and negotiation of drilling services contracts and the establishment of local agency arrangements.
  • A major drilling and oilfield services company on a bid to acquire a drilling services business located in various Middle East countries.
  • A major oilfield services company on the acquisition of an oilfield drilling services company and related patents and intellectual property.
  • Oil & Gas – Downstream/Refineries
  • A national oil company in the renewal of its concession to an international JV company to develop and operate gas processing facilities in the Arabian Gulf.
  • The refining division of a national oil company in the establishment of a joint venture (with a Skandinavian oil company) to develop and operate a specialist base oils refinery in the Arabian Gulf.
  • An Indian oil company in relation to the expansion and refurbishment of a major refinery in the MENA region on a build-operate-lease-transfer (BOLT) basis.
  •  The developer of gas distribution infrastructure for the purposes of a concession to supply consumer gas throughout a country in the MENA region.
Electric Power
  • A Middle East government agency in relation to the development of a power and water plant on a build-operate-transfer (BOT) basis.
  • An international energy company on a gas-fired power project in Mato Grosso, Brazil. Mr. Kidwell worked on the gas transportation arrangements as the gas is to be shipped in from gasfields in Bolivia through a new pipeline which was under construction. He was subsequently responsible for drafting and negotiating a Power Purchase Agreement with a distribution company offtaker.
  • An international energy company on the selldown of a substantial slice of its equity participation in a South Asian power project.
  • An international energy company on their bid to construct and operate a power and water desalination plant in the Arabian Gulf.
  • Senior lenders in relation to various independent power projects (including merchant power plants) in the UK and Turkey.