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Burgeoning global demand for energy, particularly in Asia, is driving development of coal seam gas in Queensland and Liquefied Natural Gas (LNG) in Western Australia.
The 2011 Fukushima disaster simultaneously reopened the nuclear debate and further highlighted LNG as a stable and viable energy alternative.
Despite rising capital costs, global super-majors like Chevron and Shell continue to invest in world class assets. Increasing investment in domestic projects by major regional corporates such as Inpex, CNOOC and PetroChina has also been a feature.
The past two years have seen users entering into very large, longer term sales contracts in a bid to secure supply in this highly competitive market. Corrs’ highly experienced team is providing companies like Woodside, with multi-layered strategic and structuring advice to maximise commercial outcomes while managing potential financial, community and environmental risks.
Corrs is advising the majority shareholder, INPEX Browse Ltd, on the $24 billion Ichthys Gas Field Development project, representing the largest ever initial investment in an Australian resources project. A final investment decision on the project is expected by the end of 2011.
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Corrs has advised Woodside on the structure, planning and subsequent $3 billion proposed expansion of Woodside’s flagship Pluto LNG project. The project has involved developing innovative structures designed to facilitate financiability whilst preserving operator control over the hub.
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Corrs is advising QGC on all aspects of the contract documentation required to procure pipeline infrastructure and water treatment, storage and disposal facilities and all aspects of land access, environmental and other approvals in relation to the project.
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Australia’s vast mining and resources sector has an unquenchable thirst for infrastructure. Billions of dollars needs to be invested in roads, railways and port facilities to support the sector’s export chain.
MoreThis In Brief addresses three recent cases of relevance to Energy & Resources Projects.
MoreIn planning for mining and energy and resources development and any ancillary services, industry participants should consider the operation of the SOP Acts in determining how to structure related contracts.
DownloadAustralia is a country with vast mineral wealth; a stable political, legal and economic environment; a highly skilled and productive workforce; and a welcoming attitude to foreign investment - making it a favourite destination for foreign investors.
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Corrs is advising the majority shareholder, INPEX Browse Ltd, on the $24 billion Ichthys Gas Field Development project, representing the largest ever initial investment in an Australian resources project. A final investment decision on the project is expected by the end of 2011.
Corrs has worked with Inpex on various aspects of the project including the Onshore Front-End Engineering Design (FEED) contract. Throughout, Corrs’ role has involved clearly assessing potential legal, regulatory, construction and procurement issues and devising effective structures and contracts to mitigate potential risks.
Corrs has advised Woodside on the structure, planning and subsequent $3 billion proposed expansion of Woodside’s flagship Pluto LNG project. The project has involved developing innovative structures designed to facilitate financiability whilst preserving operator control over the hub.
Throughout the project, Corrs has worked closely with Woodside to advise on and prepare complex commercial agreements, negotiate with third parties and minimise complex commercial and tax problems, often within tight timeframes.
Corrs is advising QGC on all aspects of the contract documentation required to procure pipeline infrastructure and water treatment, storage and disposal facilities and all aspects of land access, environmental and other approvals in relation to the project.
QCLNG is one of the world's largest coal seam gas to liquefied natural projects involving a $15 billion investment by BG Group, QGC’s parent.
Challenges included the large land area (requiring construction of a 400-kilometre pipeline), managing government and environmental concerns, traversing complex regulations and drafting and implementing major international supply and construction contracts.
Corrs’ cross-disciplinary team worked closely with BG Group’s business units to address multi-jurisdictional issues, co-ordinate documentation, develop a common approach to project risk management and deliver the landmark project.
Australia is a country with vast mineral wealth; a stable political, legal and economic environment; a highly skilled and productive workforce; and a welcoming attitude to foreign investment - making it a favourite destination for foreign investors.
Australia’s vast mining and resources sector has an unquenchable thirst for infrastructure. Billions of dollars needs to be invested in roads, railways and port facilities to support the sector’s export chain.
In planning for mining and energy and resources development and any ancillary services, industry participants should consider the operation of the SOP Acts in determining how to structure related contracts.
This In Brief addresses three recent cases of relevance to Energy & Resources Projects.