PetroTel Oman LLC’s $300 Million Financing From DFC


Linklaters has advised PetroTel Oman LLC on the deal.

PetroTel Oman LLC received a $300 million financing from the U.S. International Development Finance Corporation (DFC, formerly OPIC) for an oil and gas project in Oman.

PetroTel will use the funds to develop oil and gas fields in Oman’s Musandam peninsula, build facilities, and construct a three-kilometer onshore gas pipeline to the nearby processing facilities. The oil produced will be sold to international markets using an offshore loading terminal.

The Linklaters deal team was led by U.S. partner Andrew Compton (Picture) with support from associates April Kent and Mark Hsen and former partner Alberto Luzarraga.

Involved fees earner: Andrew Compton – Linklaters; Mark Hsen – Linklaters; April Kent – Linklaters; Alberto Luzarraga – Linklaters;

Law Firms: Linklaters;

Clients: PetroTel Oman LLC;

Author: Michael Patrini