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Thought Leaders Global Elite - Energy 2021
WWL Ranking: Global Elite Thought Leader

Global Leader

Energy - Oil & Gas 2021

Professional Biography

WWL Ranking: Global Elite Thought Leader

WWL says

Ken Etim is highly regarded in the oil and gas sector, and is “highly recommended for his transactional work”.

Biography

Ken is the managing partner of Banwo & Ighodalo, a leading first-class multi-disciplinary law firm with offices in Lagos and Abuja, Nigeria. Ken obtained his law degree from the University of Uyo, and was admitted to the Nigerian Bar in 1991.

Ken is a consummate lawyer with over 30 years of cognate experience advising on all areas and aspects of energy and natural resources, particularly in relation to regulatory matters; project structuring, financing, development and implementation.

Ken led the team that advised a syndicate of international banks, global investment funds, and financial institutions, including Standard Chartered Bank, ABSA Bank Limited and the African Export-Import Bank in connection with the US$1,100,000,000 facility advanced to TNOG Oil and Gas Limited and TNOG Pipelines Limited (affiliates of Heirs Holdings and Transcorp Plc), for the acquisition of a 45% participating interest in Nigerian oil license OML 17 from Shell Petroleum Development Company of Nigeria Limited, Total E&P Nigeria Limited, and NAOC Ltd - Nigerian Agip Oil Company. The transaction is one of the largest oil and gas acquisitions to take place in Africa in the last decade.

Ken is the lead counsel advising Mota-Engil Engenharia E. Construcao Africa S.A in relation to the construction and financing of the Kano – Maradi rail project valued at One Billion and Three Hundred Million United States Dollars (US$1,300,000,000), which entails the construction of a rail line which cuts across a number of states in Northern Nigeria and terminates at Maradi in Niger Republic.

Ken is also leading the team advising the Bank of China, Oilserve-Oando-CFCHEC Consortium and Bentex-CPP Consortium in connection with the Ajaokuta-Kaduna-Kano gas pipeline Project, a major gas infrastructure project in Nigeria designed to connect the pipeline networks in the eastern and western parts of Nigeria to the northern region, and will become the largest pipeline network in Nigeria upon completion.

Ken advised Seplat Petroleum Development Company Plc and Anoh Gas Processing Company Limited (AGPC) in relation to the EPC and gas supply arrangements in connection with the build out of the Assa North/ Ohaji South Unit Area Gas Processing Plant with a capacity of 300MMSCFD. The Project which is a strategic asset which is targeted at facilitating the gas to power aspiration of the Federal Government attained financial closing in Q1 2021.

Ken leads the team advising the NNPC and the Port-Harcourt Refinery Company in connection with the rehabilitation of the Port-Harcourt Refinery. He also leads the team advising the Technical Committee and other stakeholders involved in the Ibom Deep Seaport Project.

Ken led the team that advised NNPC in connection with an up to $2.5 billion upstream natural gas development and supply revolving prepayment financing transaction, for the supply of natural gas to Trains 1 to 6 of the Liquefied Natural Gas (LNG) facilities owned by Nigerian LNG Limited (NLNG). The team is also presently advising on the repayment financing transaction, for the supply of natural gas to Train 7 owned by NLNG.

Ken is a notary public for Nigeria; and the vice chair of the energy and environment committee of the Nigerian Bar Association’s business law section; He is a member of the Association of International Petroleum Negotiators and is on the African Regional Executive Committee. He is a member of the Nigerian Gas Association. He has written several articles, and delivered several papers in his core practice areas.

Project Finance 2021

Professional Biography

WWL Ranking: Recommended

WWL says

Ken Etim is singled out for his outstanding experience advising banks and institutional investors on multi-million-dollar energy transactions.

Biography

Ken is the managing partner of Banwo & Ighodalo, a leading first-class multi-disciplinary law firm with offices in Lagos and Abuja, Nigeria. Ken obtained his law degree from the University of Uyo, and was admitted to the Nigerian Bar in 1991.

Ken is a consummate lawyer with over 30 years of cognate experience advising on all areas and aspects of energy and natural resources, particularly in relation to regulatory matters; project structuring, financing, development and implementation.

Ken led the team that advised a syndicate of international banks, global investment funds, and financial institutions, including Standard Chartered Bank, ABSA Bank Limited and the African Export-Import Bank in connection with the US$1,100,000,000 facility advanced to TNOG Oil and Gas Limited and TNOG Pipelines Limited (affiliates of Heirs Holdings and Transcorp Plc), for the acquisition of a 45% participating interest in Nigerian oil license OML 17 from Shell Petroleum Development Company of Nigeria Limited, Total E&P Nigeria Limited, and NAOC Ltd - Nigerian Agip Oil Company. The transaction is one of the largest oil and gas acquisitions to take place in Africa in the last decade.

Ken is the lead counsel advising Mota-Engil Engenharia E. Construcao Africa S.A in relation to the construction and financing of the Kano – Maradi rail project valued at One Billion and Three Hundred Million United States Dollars (US$1,300,000,000), which entails the construction of a rail line which cuts across a number of states in Northern Nigeria and terminates at Maradi in Niger Republic.

Ken is also leading the team advising the Bank of China, Oilserve-Oando-CFCHEC Consortium and Bentex-CPP Consortium in connection with the Ajaokuta-Kaduna-Kano gas pipeline Project, a major gas infrastructure project in Nigeria designed to connect the pipeline networks in the eastern and western parts of Nigeria to the northern region, and will become the largest pipeline network in Nigeria upon completion.

Ken advised Seplat Petroleum Development Company Plc and Anoh Gas Processing Company Limited (AGPC) in relation to the EPC and gas supply arrangements in connection with the build out of the Assa North/ Ohaji South Unit Area Gas Processing Plant with a capacity of 300MMSCFD. The Project which is a strategic asset which is targeted at facilitating the gas to power aspiration of the Federal Government attained financial closing in Q1 2021.

Ken leads the team advising the NNPC and the Port-Harcourt Refinery Company in connection with the rehabilitation of the Port-Harcourt Refinery. He also leads the team advising the Technical Committee and other stakeholders involved in the Ibom Deep Seaport Project.

Ken led the team that advised NNPC in connection with an up to $2.5 billion upstream natural gas development and supply revolving prepayment financing transaction, for the supply of natural gas to Trains 1 to 6 of the Liquefied Natural Gas (LNG) facilities owned by Nigerian LNG Limited (NLNG). The team is also presently advising on the repayment financing transaction, for the supply of natural gas to Train 7 owned by NLNG.

Ken is a notary public for Nigeria; and the vice chair of the energy and environment committee of the Nigerian Bar Association’s business law section; He is a member of the Association of International Petroleum Negotiators and is on the African Regional Executive Committee. He is a member of the Nigerian Gas Association. He has written several articles, and delivered several papers in his core practice areas.

National Leader

WWL Ranking: Recommended

WWL says

Ken Etim draws high praise from peers and clients alike for his expertise in complex energy transactions, especially in the oil and gas sectors. 

Biography

Ken is the managing partner of Banwo & Ighodalo, a leading first-class multi-disciplinary law firm with offices in Lagos and Abuja, Nigeria. Ken obtained his law degree from the University of Uyo, and was admitted to the Nigerian Bar in 1991.

Ken is a consummate lawyer with over 29 years of cognate experience advising on all areas and aspects of energy and natural resources, particularly in relation to regulatory matters; project conceptualisation, structuring, development and implementation; and financing.

Ken is also actively involved in advising on the Nigerian electricity supply industry value chain, and in this regard has provided legal advisory services to a robust mix of stakeholders in the electricity sector.

Ken led the team which advised the Seven Energy Group in connection with its business restructuring, which culminated in the divestment of its key assets in Nigeria to Savannah Petroleum Plc, a British oil and gas firm.

Ken leads the team providing legal advice to the Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) JV in connection with the restructuring of the Escravos-Gas-To-Liquid (EGTL) venture as well as the resolution and settlement of the EGTL Project Dispute. He similarly leads the team advising Greenville Oil and Gas Limited in connection with its supply of Liquefied Natural Gas to a notable cement manufacturing company in Nigeria.

Additionally, Ken leads the team advising the Gas Aggregation Company of Nigeria (GACN) on the comprehensive review of GACN template master agreements for the sale of natural gas to purchasers in the domestic gas market.

Furthermore, Ken is a member of the team advising the Nigerian Agip Oil Company (NAOC) JV on the structuring and conceptualisation of Okpai IPP Phase II including: the development, financing and construction of a 480MW gas-fired power plant (Okpai IPP Phase II) in Okpai, Delta State, Nigeria; and the transitioning of the Okpai Phase I from an unincorporated  joint  venture  to  an  incorporated  joint  venture. Ken is a notary public for Nigeria; the vice chair of the energy and environment committee of the Nigerian Bar Association’s business law section; and a member of the Association of International Petroleum Negotiators and the Nigerian Gas Association. Ken has written several articles, and delivered several presentations in his core practice areas.

Nigeria - Project Finance 2020

Professional Biography

WWL Ranking: Recommended

WWL says

Ken Etim is a long-standing figure in the Nigerian market who excels in advising on high-value projects within the oil and gas sector.

Biography

Ken is the managing partner of Banwo & Ighodalo, a leading first-class multi-disciplinary law firm with offices in Lagos and Abuja, Nigeria. Ken obtained his law degree from the University of Uyo, and was admitted to the Nigerian Bar in 1991.

Ken is a consummate lawyer with over 29 years of cognate experience advising on all areas and aspects of energy and natural resources, particularly in relation to regulatory matters; project conceptualisation, structuring, development and implementation; and financing.

Ken is also actively involved in advising on the Nigerian electricity supply industry value chain, and in this regard has provided legal advisory services to a robust mix of stakeholders in the electricity sector.

Ken led the team which advised the Nigerian National Petroleum Corporation (NNPC) in connection with a prepayment arrangement entered into with Nigeria LNG Limited (NLNG).

He currently plays a key role on the team advising the Bank of China, Hebei Branch, Oilserve-Oando-CFCHEC Consortium and Bentex-CPP Consortium in connection with the conceptualisation, structuring, development, construction and financing of the Ajaokuta-Kaduna-Kano pipeline, a major gas infrastructure project in Nigeria designed to connect the pipeline networks in the eastern and western parts of Nigeria to the northern region.

Ken is leading the team advising Newcross Exploration and Production Limited on the financing of some of its operations by virtue of a prepayment facility. He similarly leads the team advising Greenville Oil and Gas Limited in connection with the development and financing of a mini liquefied natural gas project in Rumuiji, Rivers State, to supply liquefied natural gas to the Nigerian domestic gas market via virtual pipelines.

Also, Ken is the lead counsel advising Seplat Petroleum Development Company Plc in connection with the conceptualisation, structuring, development financing, building and operation of the proposed Assa North/Ohaji South unit area gas processing plant with a capacity of 300MMSCFD. He is also involved in advising on the conceptualisation, structuring, development, construction and financing of the Ajaokuta-Kaduna-Kano gas pipeline.  

Ken is a notary public for Nigeria; the vice chair of the energy and environment committee of the Nigerian Bar Association’s business law section; and a member of the Association of International Petroleum Negotiators and the Nigerian Gas Association. He has written several articles, and delivered several presentations in his core practice areas.

WWL Ranking: Recommended

WWL says

The "brilliant" Ken Etim is widely recognised as a leading practitioner with a deep knowledge of the shipping sector, and a flair for handling contentious matters within it.  

Biography

Ken is the managing partner of Banwo & Ighodalo, a leading law firm with offices in Lagos and Abuja. He obtained his law degree from the University of Uyo, and was admitted to the Nigerian Bar in 1991. He is been ranked severally as a top-tier shipping and transport lawyer, and has been involved in practically all of the Firm’s shipping and transport matters.

Ken has advised several shipping companies, offshore service operators, P&I Clubs, insurance companies, commodity traders, airlines, financial institutions including Bourbon, Cameron, Schlumberger, MSC, Bumi Armada, Glencore, Investec Bank, MS Amlin, Swedish Club and the UK P&I Club.

He recently led the team that advised the international American multinational retail corporation, Walmart Inc. in relation to a compliance review and assessment of the International Trade Compliance Programme of the corporation in order to address extant Nigerian legal and regulatory requirements as well as other potential risks in relation to the export processes in Nigeria. He is currently advising Dangote Oil Refinery Limited in relation to the shipment of various multi-million dollar heavy duty equipment from various ports to be deployed in the circa US$12 billion Dangote Refinery, in Lagos, Nigeria.

He also recently advised Oriental Energy Resources Limited on tax and other regulatory issues in relation to the deployment of a floating storage and offloading vessel and a mobile offshore production unit on the Ebok marginal field, offshore Nigerian waters. Over the last two years, he has led the team that has been advising Investec Bank Plc. on its various charter arrangements in respect of the vessels which are the subject of a U$17,500,000 facility advanced by the bank.

His expertise in both transactional law and core dispute resolution in the shipping and transport sector has, over the years, earned him a well-recognised name in the Nigerian market where he stands out for his top-tier work on pivotal multi-million dollar transactions within the maritime sector.

Ken is a notary public for Nigeria and a member of the Nigerian Maritime Law Association. He has written several articles in leading legal publications and delivered presentations on diverse subjects within his core practice areas.

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