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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 experience 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 ‘a guru on bank financing in the energy sector.’
Chambers UK, 2016

Experience

Recent Notable Matters

Société Générale — up to $650 million borrowing base facility to Cobalt Energy provided by Société Générale, Credit Agricole and Commonwealth Bank of Australia, as a mandated lead arranger

Delek Energy L.P. — $1.75 billion financing for the development of the Leviathan Field, offshore Israel

DNB Bank, ING Bank and Natixis — $600 million acquisition financing to Siccar Point Energy Limited to acquire OMV (UK) Limited

EBRD — up to $80 million credit facility to Merlon Petroleum

FlowStream Commodities Limited — $200 million stream to Cairn Energy

Group of 25 lenders — $2.5 billion secured loan and letter of credit facility for Lundin Petroleum, based on oil and gas assets in France, Indonesia, Norway and The Netherlands; the transaction was coordinated by HSBC as documentation bank and BNP Paribas as facility agent and security trustee, along with 15 other lead arrangers

HSBC Bank plc — $100 million secured revolving credit facility for KrisEnergy, an independent upstream E&P company with a focus on Southeast Asia

BNP Paribas — $400 million senior secured credit facility to Ithaca Energy, an oil and gas exploration, development and production company active in the UK's Continental Shelf, as lead arranger

Lloyds Banking Group, BNP Paribas, Barclays Corporate, Royal Bank of Scotland plc, Bank of America Securities Limited and Crédit Agricole Corporate and Investment Bank — $900 million revolving facility for Enquest plc

Etablissements Maurel & Prom SA — up to $650 million revolving credit facility arranged by BNP Paribas, Crédit Agricole Corporate and Investment Bank, Natixis and Standard Chartered Bank

Neptune Energy — debt financing aspects of the $3.9 billion acquisition of a majority stake in ENGIE E&P International

ING Bank N.V. and a syndicate of five lenders — $340 million borrowing base facility for Oranje-Nassau Energie, based on oil and gas assets in the U.K., Netherlands and Gabon

Petroceltic plc — $500 million financing against the group's resources in Egypt, Italy and Bulgaria and contingent resources in Algeria

Petrogas International E&P Coöperatief U.A. — $150 million secured borrowing base facility arranged by ING Bank N.V. relating to Petrogas' acquisition of certain assets located in the Netherlands

Seplat Petroleum Development Company Plc — $700 million Term Facility and $300 million Revolving Facility

The Bank of Nova Scotia — up to $500 million borrowing base facility for Amerisur Resources plc

Royal Bank of Scotland, BNP Paribas, IFC and other lenders — U.K. market's largest borrowing base facility, $3.5 billion senior and junior secured credit facilities for Tullow Oil

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
Projects, Energy and Natural Resources – Oil & Gas, 2013 - 2017 (Leading Individual, 2014 -2017); Finance – Emerging Markets, 2014 - 2017 (Leading Individual, 2015 - 2017); Finance – Bank Lending: Investment Grade Debt and Syndicated Loans, 2012, 2015 - 2017
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; Market Leader: Banking 2016 - 2018; Energy and Infrastructure, 2018; Project Finance, 2016 - 2018
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