Partner | White & Case
Steven P. Otillar
Partner | White & Case
Partner | Akin Gump Strauss Hauer & Feld
Number of years practice: 21 Law school attended: University of Houston Law Center Languages spoken: English and Spanish Principal practice areas: M&A, Project Development, Project Finance Admissions: England and Wales,...
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Energy, Oil and Gas, Project Development, M&A
Texas, England and Wales
English, Spanish
The differentiating factors in my practice relating to Mexico are: global experience; depth in Mexican energy; and the ability to work in Spanish and English. Many experienced energy lawyers have begun to do business in Mexico since the constitutional reforms. My practice, however, began in the late 1990’s working on natural gas pipeline development and finance on the back of natural gas reforms. Since that time I have been fortunate enough to work on oil and gas projects in the United States and around the world. I bring this unique view to the private sector’s return to Mexico. In addition, I was fortunate enough to advise for the CNH for the first two years after the reforms and have a small part in helping the industry get under way.
The local Mexico bar is very strong, thus the projects we work on from the US need to have a cross-border or international aspect, or involve a matter dealing with oil and gas where there is little local experience.
If a firm has a single partnership that maintains strong practices in all of the major financial markets in the world are the best suited to represent even the most locally focused energy company in Mexico. Sophisticated business that require access to capital outside of Mexico will need to use international counsel to represent them under the laws of New York, Texas or the United Kingdom.
Within the next year, I anticipate that PEMEX will reopen the Farmout process to access capital and technical assistance. Trion, Ogarrio, and others were major success stories for PEMEX, and can serve to strengthen PEMEX and provide needed capital for expansion in other areas. For the private industry, we think that asset-based finance, including reserve based lending, will continue to expand and flourish. Refined products storage, transportation and terminal development projects should continue and help drive infrastructure development.
The ability to work remotely, staff projects across borders with minimal interference or impediment is something we already do at White & Case. I expect companies and firms to continue using technology to make the world a smaller place and to drive efficiency in project development.
In-house counsel tend to be sophisticated users of legal services. Not only do they demand value and responsiveness, but they expect law firms to understand their business and proactively try to anticipate and solve problems that may arise.