We pride ourselves with our expertise in the oil and gas (“O&G”) field. The members of our team are acquainted with the whole spectrum of contractual mechanisms applicable in the O&G industry. We have been involved in some of the largest transactions completed and existing joint ventures within the Romanian environment, being acquainted with the sensitive regulatory aspects and regulators’ views/ interpretations.
We know how markets, analysts and public authorities judge the O&G sector participants. Our experience enables us to identify both the weak points as well as the robust elements in a project. In many situations, our expertise extends over the legal boundaries and we may provide practical/ commercial solutions accommodating the ultimate business interest. We’ve come across sufficient delicate issues to assess if a legal risk is relevant for the commercial feasibility of the project.
We know (and are well known by) the relevant actors on the national O&G market; we strive for its development by introducing new constructs for the Romanian O&G environment that have proven themselves elsewhere. We have completed deals relevant for the entire O&G activity chain (i.e. handling upstream, midstream and a number of complex downstream projects).
The Romanian petroleum industry goes back for more than 150 years, but even nowadays (due to its existing potential) the Romanian O&G sector still appears to be quite attractive to a large number of foreign O&G operators, service providers and/ or investors. Most of such foreign potential partners want to apply in Romania their knowledge and experience gained oversees. When discussing with our client’s partner(s), we are mindful to the cultural differences and factor them into the negotiations, as we have sat at the same table with some of the major O&G operators and achieved excellent results for our client.
The experience of our team exceeds the national borders as we have been involved in a number of deals concerning the shallow and deepwater Black Sea outside Romanian territorial waters (i.e. Ukraine), Austria, Kazakhstan, Turkmenistan or India.
Apart from the O&G arena, we have been involved on a number of other energy related projects (e.g. geothermal, wind parks, power) being well familiar also with the regulatory framework and the views of the authorities regulating such sectors.
Here at Vlasceanu, Ene & Partners, we can provide a truly holistic perspective over energy related projects as, apart from our O&G/ Energy Practice, we are able to leverage the expertise of our particularly strong Environmental Practice as well as the litigation (including international arbitration) experience of our Dispute Resolution and Insolvency Practice.