Allen & Overy, Skadden and White & Case advise on $10bn Barzan financing

A trio of firms closed 2011 with the successful completion of Qatar’s largest-ever single financing project, the $10.3bn (£6.7bn) Barzan Gas Project.

White & Case advised sponsors Qatar Petroleum and Exxon Mobil on the transaction, which will see the construction of onshore and offshore gas processing facilities. The completed facilities will produce 1.4bn cubic feet of gas a day.

Partner Philip Stopford, head of the firm’s Western Europe, Middle East and Africa project and infrastructure finance group, led the work alongside partner Mark Castillo-Bernaus in London. New York partners Troy Alexander and Kevin Keogh, as well as Abu Dhabi-based Shibeer Ahmed and London-based Paul Harrison were also involved.

Allen & Overy Dubai partner Bimal Desai led a team acting for the export credit agencies involved in the deal.

Skadden Arps Slate Meagher & Flom New York partners Harold Moore and Julia Czarniak represented senior lenders.