Bruce McLeod
Partner
Bruce is an energy transactions lawyer specialising in M&A, infrastructure and joint venture negotiations in the oil & gas sector. He is currently the co-chair of the AIEN Gas Sale and Purchase Agreement drafting committee.
Bruce's experience
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Advised Sound Energy plc, an Oil and gas explorer on the divestment of its interests in the Tendrara Exploitation Concession (20%), onshore Morocco, by way of the disposal of the entire share capital of Sound Energy Meridja Limited (“SEML”) to Managem SA.
- United Kingdom
- Energy & Natural Resources
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Advised TotalEnergies E&P UK Limited on the proposed sale of its West of Shetland interests, including stakes in the Laggan, Tormore, Edradour and Glenlivet fields, the Glendronach discovery, the Shetland Gas Plant, 33rd round licences and 40% of Shetland Land Lease Limited. The work included corporate tax advice. Completion awaits various regulatory and third party approvals.
- United Kingdom
- Oil & Gas
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Advised TotalEnergies on its Namibia asset swap with Galp involving PEL83 (Mopane) and PEL56 (Venus). TotalEnergies will carry 50% of Galp’s exploration, appraisal and initial development costs on PEL83, with the carry repaid through 50% of Galp’s future cash flows from the project.
- Namibia
- Energy & Natural Resources
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Advised Sound Energy plc in relation to its partial divestment of the Company's Moroccan assets by way of the disposal of the entire issued share capital of Sound Energy Morocco East Limited to Managem SA for a total value of up to US$45.2 million.
- $45.2m
- Morocco
- Oil & Gas
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Advised Challenger Energy Group in relation to its farm-out of a 60% interest in the Area OFF-1 Block, Uruguay to Chevron for $12.5 million payable at Completion, a seismic carry of up to US$15 million and an exploration well carry of up to $20 million.
- $47.5m
- Uruguay
- Oil & Gas
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Advised Jersey Oil & Gas in relation to its farm-out of a 30% interest in the Greater Buchan Area to Serica Energy for a cash payment of $6.8m at completion, three contingent payments totalling $13.5m and a 7.5% carry of both pre-sanction costs and development costs.
- United Kingdom
- Oil & Gas
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Advised Jersey Oil & Gas in relation to its farm-out of a 50% interest in the Greater Buchan Area to NEO Energy for a cash payment of $2m at completion, four contingent payments totalling $31.9m, a carry of pre-Field Development Plan costs and carry of development costs.
- United Kingdom
- Oil & Gas
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Advised Eni on its acquisition of BP’s business in Algeria. The acquisition includes BP’s two concessions ‘In Amenas’ and ‘In Salah’ and adds great strategic value to Eni’s presence in the region, as well as contributing to Europe’s gas needs.
- Algeria
- Oil & Gas
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Advised Pharos Energy plc on its farm-out of a 55% working interest in and operatorship of two Egyptian oil & gas concessions, El Fayum and North Beni Suef.
- $43.4m
- Egypt
- Oil & Gas
Out-Law / Insight by Bruce McLeod
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