“Bracewell’s competence with RBLs and syndicated loans is second to none,” according to Legal 500 UK (2021). We have extensive experience on the full range of reserve-based financing products, from single field project financings to multi-field based facilities. Our lawyers have been involved with — and in many cases have been instrumental in — the development of more unconventional debt products for the upstream sector. Our recent engagements include Neptune Energy in the $2 billion borrowing based facility to acquire Engie’s 70 percent interest in Engie E&P International; Delek Drilling in the $1.75 billion financing for the development of the Leviathan gas field offshore Israel; and ING and a syndicate of lenders in a $900 million senior secured reserve-based financing for ONE-Dyas.