Senior Associate

Ziggy Gray

Languages

English

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Ziggy Gray is a Senior Associate in the Energy team, based in London. Ziggy specialises in all areas of oil and gas law with a particular focus international cross-border M&A transactions (advising on acquisitions, divestments, mergers, and joint ventures). Ziggy also advises on oil and gas infrastructure projects and supply chain contracting. Ziggy's experience spans multiple countries and continents, having advised on numerous high-profile M&A transactions and energy projects across the globe.

Relevant experience

Phillips 66 on the sale of a 65% interest in its Germany and Austria retail fuel marketing business, including JET-branded sites, to a consortium owned by subsidiaries of investment firms Energy Equation Partners and Stonepeak. Phillips 66 will retain a 35% non-operated interest in the business through a newly formed joint venture. The transaction values the business at approximately EUR 2.5bn (c. USD 2.8bn).
Equinor on its 50:50 joint venture with Shell in the UKCS, in which each company will combine their UK offshore oil and gas assets to create the UK's largest independent producer. The JV entity will integrate Equinor's interests in the Mariner, Rosebank, and Buzzard fields with Shell's stakes in Shearwater, Penguins, Gannet, Nelson, Pierce, Jackdaw, Victory, Clair, and Schiehallion, along with various exploration licenses.
bp on the formation of Azule Energy, a c.USD 14bn joint venture with Eni that merged both companies’ entire upstream oil, gas, and LNG portfolios in Angola into a single, independently managed entity. Structrured as 50:50 joint venture it created Angola’s largest independent equity producer of oil and gas. The transaction encompassed stakes in 16 licenses - including six exploration blocks - and participation in the Angola LNG project.
Eni on the restructuring of the Damietta LNG plant, a transaction valued at up to USD 1.5bn. This deal involved the amicable resolution of longstanding disputes, the dissolution of Union Fenosa Gas ("UFG") (a 50:50 joint venture between Eni and Naturgy) and the redistribution of UFG's 80% stake in the plant to Eni (50%) and the Egyptian Natural Gas Holding Company (EGAS) (30%). The restructuring also encompassed the renegotiation of critical agreements, including gas sale and purchase contracts, tolling capacity usage, and shareholders’ agreements. The transaction lead to the resumption of operations at the 7.56 bcm/year capacity Damietta plant, which had been idle since 2012.
bp on the sale of its operated Cashima, Flamboyant, Ahmerista, Immortelle and Parang fields in Trinidad and Tobago, to Perenco.
Equinor on its c.GBP 1.2bn acquisition of the entire issued share capital of Suncor Energy UK ltd (the entity that held Suncor’s entire UK exploration and production business).
Eni on the development and implementation of its Congo LNG project, which encompassed: Eni’s acquisition of the Tango FLNG facility (via purchase of its SPV holding company) from Exmar for a consideration of c.USD 700m; a 10-year charter agreement for the Excalibur Floating Storage Unit (FSU), converted from an LNG carrier; engineering, procurement, construction, and installation (EPCI) contracts for the refurbishment and deployment of both the FLNG and FSU vessels; and a long-term operations and maintenance (O&M) contract with Exmar, who also provided engineering services for the project.
bp on its GBP 130m acquisition of Chargemaster plc, the UK's largest electric vehicle charging network, from multiple shareholders. The acquisition, marked bp's strategic entry into the electric vehicle infrastructure sector. As part of the deal, Chargemaster was rebranded as BP Chargemaster. It is now known as bp pulse.
bp on its up to GBP 300m sale of its Bruce, Keith and Rhum upstream assets, together with associated facilities and infrastructure, to Serica plc.

Education

BPP University, Legal Practice Course.
University of Law, Graduate Diploma in Law.
BA Hons, Industrial Design, Loughborough University, Loughborough.

Practice Areas

Commercial Contracts Mergers & Acquisitions

sectors

Energy & Climate Change Oil & Gas Technology

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