Energy and natural resources

Udo Udoma & Belo-Osagie

Udo Udoma & Belo-Osagie has a well-established energy practice, regularly representing significant players and handling complex transactions. The team is capable of advising domestic and international companies and investors on strategic joint ventures, transactions, and partnerships, as well as providing specialised compliance and regulatory advice regarding Nigerian oil and gas, maritime and environmental legislation. Nicholas Okafor regularly provides expert advice on greenfield and brownfield projects, whilst his co-lead Folake Elias-Adebowale works on upstream and downstream petroleum investments. Adeola Sunmola specialises in project finance and syndicated lending transactions.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

‘The firm's team comprises seasoned lawyers with in-depth knowledge of complex regulatory landscape, and this makes it possible for the team to provide strategic and commercially focused legal advice that addresses the specific needs of the company, helping us navigate complex negotiations and project developments. The firm’s practice is well equipped with robust litigation and arbitration capabilities and the firm’s commitment to a client-centred approach and its deep connections within business and regulatory environment gives it a competitive edge.'
'The firm emphasises collaboration, by utilising its cross-functional teams to ensure that the best possible legal solutions are delivered. The team has provided adequate regulatory advisory services and insights, offering the company detailed guidance on compliance with regards relevant industrial laws. Overall, the firm is exceptionally positioned due to its combination of industry expertise, regulatory knowledge, and innovative service delivery, making it a top choice.’
‘The individuals stand out due to their deep expertise and extensive industry knowledge. The firm's partners and associates are recognized for their exceptional legal skills, practical approach, and commitment to client service.'
'Nicholas Okafor is highly regarded for his strategic insights and vast experience in handling complex transactions.'
‘Superb service delivery.’
'Information and knowledge are key success factors in the fast-paced business environment that we operate in. UUBO's energy and natural resources practice possesses both in abundance. Their understanding of the regulations and legislation in the energy and power sector is profound.'
'Nicholas Okafor and the team provide hands-on advice and guidance on our transactions. They have been excellent.'

Key clients

Oma Power Generation Limited
Sahara Energy Group
Mitsui
Vitol Group
Equinor Nigeria Energy Company Limited
Chapel Hill Denham
Nigerian Infrastructure Debt Fund
Ikeja Electricity Distribution Company
Jotna and Engee PET Manufacturing Company Nigeria Limited
International Finance Corporation
AIPEC Oil and Gas Limited and AIPEC Properties Limited
Geometric Power Limited
Geometric Power Limited
CMA CGM Terminals Group
Mirova Sunfunder
Engie Energy Access
General Atlantic Service Company L.P./Beyond Net Zero
OMH Optimum Maritime Holdings Ltd/Advokatfirmaet Wiersholm AS
Simmons & Simmons JWS Pte. Ltd/Mirova SunFunder Inc.
Echosys Invest/Afrigreen Debt Impact Fund

Work highlights

Advising Geometric Power Limited and APL Electric Company Limited on the restructuring of a $500m+ facility provided by a syndicate of Nigerian lenders, the securing of investments in the Aba Power Plant from various investors including the African Export-Import Bank, and raising an additional $19m of new equity.
Advising Mirova Gigaton Fund S.A., SICAV-RAIF, Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. and Development Bank of Austria, represented by SunFunder as coordinator, in connection with a proposed $65m financing for Energy Vision Ltd. (Mauritius).
Acting as lead counsel to Echosys Invest as fund advisor to Afrigreen Debt Impact Fund in connection with its provision of up to $15m senior secured facility to Rensource Commercial and Industrial Limited to fund the construction of 30MW off-grid solar power plants.