Yemisi holds a Master of Science (with distinction) in Energy Studies from the University of Dundee in Scotland and a Master of Laws in Commercial Law from Cardiff Law School in Wales.
She is a widely respected lawyer with expertise in Energy and Infrastructure finance. She is recognised by IFLR1000 Guide to the World’s Leading Financial Law Firms and Who’s Who Legal as a leading practitioner with a wealth of knowledge.
Yemisi comes to Templars with a wealth of experience, with over 13 years’ diverse experience advising clients on the bankability of projects with eye on risk evaluation, allocation and proffering mitigation mechanics through contractual documentation. Yemisi combines her commercial experience with her deep understanding of the Nigerian petroleum sector and has, in the last five years focused solely on the petroleum sector advising on integrated oil and gas commercialization projects; crude oil evacuation systems; acquisition of oil and gas assets; structured financing for energy projects; gas project conceptualization studies and regulatory matters. Yemisi has deep knowledge of the regulatory underpinnings of her focal sector.
She also brings along her expertise in advising on complex corporate, project and structured finance projects.
A Selection Of Relevant Experience
- Advising on a circa US$ 1.2 billion financing for the Indorama Eleme fertilisers & Chemicals Limited fertiliser project in a deal which was awarded the African Petrochemical Deal of the Year in the Middle East and Africa, by PFI Thomson Reuters.
- Advised a consortium of 31 commercial banks, export credit agencies and development financing institutions including the Africa Finance Corporation and Afrexim Bank on a landmark US$3 billion first in class hybrid financing to Nigeria LNG Limited (NLNG), a joint venture owned by Nigerian National Petroleum Corporation (NNPC), Shell, Total and Eni to develop the NLNG Train 7 Project.
- Currently acting for the project company, a special purpose vehicle established by the Nigerian Sovereign Investment Authority, the investment vehicle for the Nigerian sovereign wealth fund and the OCP Group, the Moroccan state-owned fertilizer producer on the development of a gas utilisation integrated chemicals complex in Nigeria.
- Advising Notore Chemicals Plc. on the ongoing development of its Train II gas to petrochemical infrastructure complex. Our role includes the negotiation of the FEED contract and the split lump sum turnkey EPC contracts.
- Advised the lenders and the project sponsors on both the US$320 million debt facility to ANOH Gas Processing Company Limited (AGPC) (a subsidiary of Seplat and NNPC); and the project development of the greenfield 300mmscfd Assa North/Ohaji South Gas (ANOH) Project.
- Heirs Oil & Gas Limited (formerly TNOG Oil and Gas Limited) in connection with the US$1.1billion acquisition of a 45% participating interest in OML 17 and associated infrastructure from Shell, Total and Agip (ENI).
- Acted for Sojitz Construction on the acquisition of 25% interest in Glover Gas and Power B.V. The depth of engagement of that transaction involved conducting extensive risk identification and evaluation during the due diligence phase, assessing and opining on the impact of the Petroleum Industry Act on existing revenue generating agreements including the franchising and exclusivity philosophy, pricing methodology and price re-opener provisions.
- Eroton on its c.US$1.2billion acquisition of a 45% participating interest in OML18. Provided extensive due diligence reviews of risk and proffered commercially-astute recommendations in a niche red-flag due diligence report.
(Trade and Forfaiting Review Deal of the Year 2014 and the Trade and Export Finance journal’s” Most Innovative Commodities Finance Deal of the Year 2014”).