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About Jason

Jason Fox has more than 25 years of experience as an energy finance lawyer. He focuses on the upstream sector and has advised on more than 100 Reserve Based Lending (RBL) financings, as well as numerous other financings in the wider energy sector.

Recent ranking publications acknowledged his deep knowledge and understanding of the energy finance sector. “Jason Fox is ‘a guru on bank financing in the energy sector.’ He is exceptionally experienced on reserve-based lending work for upstream oil and gas exploration,” Chambers UK (2016). “Jason Fox is ‘the go-to lawyer and first on the list when considering any new instruction. His professionalism, knowledge and expertise are undoubted and delivered with personality and accessibility,’” IFLR 2016“Jason Fox has ‘extraordinary credentials, he is the pre-eminent practitioner in reserve-based financing,’” The Legal 500 United Kingdom (2016). “Practice head Jason Fox has ‘extraordinary credentials in reserve-based lending,’” The Legal 500 United Kingdom (2016).

Jason Fox is ‘certainly one of the best in finance for oil and gas transactions,’ according to market sources.
Chambers UK, 2017

Experience

Recent Notable Matters

BNP Paribas — $300 million financing for the upstream oil and gas interests in Nigeria of Addax Petroleum, as mandated lead arranger

Calyon — $450 million secured general corporate facility for Addax Petroleum to finance Nigerian oil and gas assets, as mandated lead arranger and facility agent

BNP Paribas and Standard Bank — $200 million facility to Addax Petroleum NV to finance Nigerian oil and gas assets

BNP Paribas — $100 million facility to Addax Petroleum NV to finance Nigerian oil and gas assets

Afren — $100 million facility to Afren CI (UK) Limited for the acquisition of Devon’s oil and gas interests in Côte d'Ivoire

Afren Energy Resources Limited — $80 million senior secured borrowing base facility arranged by BNP Paribas for the Okoro field, offshore Nigeria

Afren Okoro Limited — $200 million loan facility and $30 million letter of credit facility to support the development of the Okoro field, offshore Nigeria

Afren plc — $50 million facility from SOCAR

Afren Resources — $450 million senior secured borrowing base facility to finance the development of the Ebok and Okwok fields offshore Nigeria

Bank of Nova Scotia — $175 million reserve based lending facility provided by The Bank of Nova Scotia, HSBC Bank USA, National Association and Société Générale to Amerisur Resources plc, as arranger

Afren Resources Limited — $450 million senior secured borrowing base facility (refinancing) arranged by BNP Paribas for the development of the Ebok Field, offshore Nigeria

Atlantis Technology — limited recourse financing for the Isis field, offshore Tunisia

ATP Oil and Gas Corporation — advising in relation to the U.K. aspects of $900 million term facility arranged by Credit Suisse

ATP Oil and Gas Corporation — advising in relation to the U.K. aspects of a $200 million facility arranged by CSFB

AU Energy B.V. — a subsidiary of Mercuria, on a €32 million reserve based financing to acquire Tullow Oil’s Dutch upstream assets

BNP Paribas and Standard Chartered Bank — $3 billion financing against BP’s Angolan oil interests

Royal Bank of Scotland and DnB NOR Bank ASA — 400 million NOK exploration financing facility agreement to finance exploration on the Norwegian continental shelf

Royal Bank of Scotland plc — £42 million reserve based financing for Bridge Energy (SNS) Limited to finance the acquisition of an interest in the Duart Field and the development of other oil and gas assets

British Borneo — $260 million limited recourse financing to develop the Elgin/Franklin field

CE Electric UK Funding Company — €150 million multicurrency revolving facility agreement

CE Electric UK Funding Company Limited — €100 million revolving loan facility

CE Electric — €119 million facility with EIB

Royal Bank of Scotland and International Finance Corporation — $850 million credit facility for Cairn India Holdings Limited

Royal Bank of Scotland plc — $50 million borrowing base facility to subsidiaries of Candax Energy for the financing of development oil and gas assets in Tunisia, as arranger

BNP Paribas and Société Générale — $84 million borrowing base facility for Carrizo Oil to project finance the development of the Huntington field in the U.K. North Sea

Credentials

Education

London University, Queen Mary and Westfield College,
LL.B.
1984
College of Law, London,
L.P.C.
1985

Bar Admissions

Solicitor of the Senior Courts of England and Wales

News

News

Back to the future for reserve based finance

April 1, 2015
Petroleum Economist - Online

Review of the year: month by month

December 15, 2013
Lawyer (Online), The

New York law firm in Africa push via UK

July 1, 2013
Press and Journal (Aberdeen)

Energy finance partner Fox joins Bracewell Giulianis London office

March 6, 2013
Oil & Gas Financial Journal - Online

Noteworthy

Noteworthy

Chambers Global
Projects, 2011-2013, 2015-2017; Energy & Natural Resources: Oil & Gas, 2015-2017; Energy & Natural Resources: Oil & Gas, 2013
Chambers UK
Projects, 2015 - 2017; Energy & Natural Resources: Oil & Gas, 2015 - 2017; Energy & Natural Resources, 1997 - 2013
The Legal 500 United Kingdom
Leading Individual, Projects, Energy and Natural Resources , 2013 - 2016; Finance , 2015 - 2016; Bank Lending: Investment Grade Debt and Syndicated Loans, 2015; Bank Lending: Investment Grade Debt and Syndicated Loans, 2012; Finance , 2014 - 2016; Bank Lending: Investment Grade Debt and Syndicated Loans, 2015 - 2016; Bank Lending: Investment Grade Debt and Syndicated Loans, 2012; Projects, Energy and Natural Resources, 2013 - 2016
The Legal 500 EMEA
Regional Summary - Africa, 2016 - 2017
Euromoney Institutional Investor PLC
IFLR1000 Energy & Infrastructure Guide
Sub-Saharan Africa, Leading Lawyer, 2014 - 2016
Euromoney Institutional Investor PLC
ILFR1000 Financial & Corporate Guide
Leading Lawyer, Bank Lending, 2013; Leading Lawyer, Banking, Project Finance, 2016 - 2017
Legal Media Group
Expert Guides to the World
Banking, Finance and Transactional, 2016; Energy and Natural Resource, 2013; Banking Finance & Transaction (Project Finance), 2012; Project Finance, 2011
The Lawyer
Hot 100
Finance, 2007

Events

Past Events

The Oil Council's World Assembly

London
November 19, 2013