AlexCull

Partner

(T) 65.6233.6488

Based in Singapore, Alex Cull has worked in the Asia Pacific energy industry since 1998. He has extensive experience in oil, gas, and power transactions and projects across Asia, as well as advising regional clients on their global investments.

Alex has a wealth of industry-specific experience covering almost every facet of the energy value chain, including: strategic corporate transactions such as joint ventures, acquisitions, divestments, and joint operations (including farm-ins and unitizations); major project development, financing and operations for pipeline, LNG liquefaction and regas (including FSRU), refinery, petrochemical, and power projects; reserves-based and production-linked lending; and on the long-term supply and trading of LNG, crude oil, and petroleum products. He also has experience in restructuring, turnaround, special situations, and mezzanine structures in the energy industry.

Alex is an active member of the AIPN (Association of International Petroleum Negotiators) and a regular speaker at oil and gas conferences. He is recognized as a leading oil and gas lawyer in client surveys and legal directories. Alex has been recommended in Chambers Asia-Pacific and Chambers Global publications, as well as in The Legal 500 Asia Pacific and Who's Who Legal: Energy for many years.

Experience

  • PTTEP to acquire additional shareholding in APICO LLCJones Day represented PTT Exploration and Production Public Company Limited ("PTTEP"), a publicly listed petroleum exploration and production company based in Thailand, in connection with its subsidiary, PTTEP HK Holding Limited, agreeing to acquire an additional 39 percent stake in APICO LLC from Coastal Energy Company (Khorat) Limited.
  • PTTEP subsidiary acquires Murphy Oil Corporation’s business in Malaysia for $2.127 billionJones Day represented PTT Exploration and Production Public Company Limited ("PTTEP"), a publicly listed petroleum exploration and production company based in Thailand, in connection with its subsidiary, PTTEP HK Offshore Limited’s acquisition of Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd. ("Murphy Sabah and Murphy Sarawak"), from a subsidiary of NYSE listed Murphy Oil Corporation.
  • PETRONAS Chemicals to acquire Da VinciJones Day is advising PETRONAS Chemicals Group Berhad (PCG) in its acquisition of a 100 percent stake in Da Vinci Group BV from its shareholders including funds managed by Bencis Capital Partner for €163 million (US$182.2 million).
  • Cooper Tire and Sailun announce joint venture for new TBR tire plant in VietnamJones Day is advising Cooper Tire & Rubber Company in its formation of a joint venture with Sailun (Vietnam) Co., Ltd. to build a manufacturing plant with the capacity to produce more than 2 million truck and bus radial (TBR) tires annually.
  • Asian-headquartered energy company resolves Dutch competition authority investigationJones Day advised a bunker supplier and trading subsidiary of an Asian-headquartered energy company in connection with the investigation by De Autoriteit Consument en Markt (ACM), the Dutch Competition Authority, into suspected consultation on pricing in the bunker sector in the Amsterdam – Rotterdam – Antwerp region.
  • Glencore Singapore forms joint venture with Zhejiang Provincial PetroleumJones Day advised Glencore Singapore Pte. Ltd. on the formation of Zhejiang Petroleum Trading Co., Ltd., a joint venture with Zhejiang Provincial Petroleum Co., Ltd.
  • Petrosen SA participates in joint development of natural gas in the Greater Tortue fieldJones Day is representing Société des Pétroles du Sénégal (Petrosen SA), the national oil company of Senegal, in connection with the unitisation of the large accumulation of natural gas under the deep waters offshore Mauritania and Senegal (Greater Tortue field).
  • PETRONAS seeks advice on major energy projectJones Day advised PETRONAS in connection with its interests in a major downstream gas commercialization project in Southeast Asia.
  • Multinational conglomerate develops integrated energy hub in AsiaJones Day is representing the lead sponsor on the development, construction, and financing of a multi-fuel import facility proposed to be developed in Asia.
  • Major international oil company negotiates tolling arrangements for petrochemical project in South East AsiaJones Day is advising a major international oil company on its tolling arrangements with a petrochemical project in South East Asia, including on condensate procurement and storage, tolling terms, and liftings and sales of products and by-products.
  • International oil & gas company acquires minority interest in greenfield LNG liquefaction terminalJones Day represented a leading international oil & gas company in the development of a nonlocal LNG export project, coventure arrangements, LNG purchase and sale, shipping, and related commercial matters.
  • PT Energi obtains financing for development of IPP in Sulawesi, IndonesiaJones Day counseled PT Energi Sengkang in connection with the preliminary development and financing of a 65 MW expansion of an existing 135 MW gas-fired IPP in Sulawesi, Indonesia, and related gas sales arrangements from a sister company.
  • KUFPEC sells upstream oil and gas interests in IndonesiaJones Day represented Kuwait Foreign Petroleum Exploration Company (K.S.C.) on the sale of an aggregate 67.5 percent interest in the Seram Island (Non-Bula) Block in Indonesia to CITIC Resources Holdings Limited and Gulf Petroleum Investment Company k.s.c.c..
  • Sinopec Sonangol obtains financing for deep-water oil block project named PFI 2007 Deal of the YearJones Day advised Sinopec Sonangol International Limited in its $1.4 billion financing for Block 18 in Angola.
  • Altus Group issues $40 million of Senior Secured Notes and Warrants in Regulation S offeringJones Day represented Altus Group Ltd. in connection with $40 million of 11% Senior Secured Notes and Warrants in a Regulation S offering, placement agent Jefferies International Limited.
  • Singapore Petroleum sells interest in Jeruk Field to PT Medco Energi Internasional for $148 millionJones Day advised Singapore Petroleum Sampang Ltd (SP Sampang), a wholly owned subsidiary of Singapore Petroleum Company Limited (SPC), in its sale of an economic interest in the Jeruk oil field to Medco Strait Services Pte Ltd (Medco), a subsidiary of PT Medco Energi Internasional Tbk.
  • IB Daiwa Corp acquires Darcy EnergyJones Day advised IB Daiwa Corporation on its $57.5 million acquisition by reverse merger of Darcy Energy, Ltd, a company holding Gulf of Mexico lease interests offshore Louisiana.
  • Petronas sells gas from Kepodang field to Indonesian state power company PT PLN for Tambak Lorok power plantJones Day advised Petronas, as operator of the Indonesia Muriah PSC, on the sale of gas from the Kepodang field to Indonesian state power company PT PLN (Persero), for power generation at the Tambak Lorok power plant in central Java.
  • The following represents experience acquired prior to rejoining Jones Day.

    Represented a global oil and gas company on supply and offtake arrangements for a major petrochemical project in Southeast Asia and on the financial and commercial restructuring to a tolling arrangement upon the project company entering receivership.

    Represented the seller of an upstream interest offshore Vietnam.

    Represented the sponsor in the development of a gas derivatives project in Southeast Asia.

    Represented a global oil and gas company on its joint venture for marine fuel bunkering covering ports in several regions.

    Represented a global oil and gas company in connection with its LNG trading activities and its purchase and transportation of regassified LNG in Singapore.

    Represented a consortium bidder for the second LNG import license in Singapore.

    Represented an oil company on its joint venture for the acquisition of rigs and provision of drilling services.

    Represented a company on its bid to participate in an aviation fuel import joint venture in Myanmar.

    Represented the purchaser in its acquisition of a participating interest in a producing oil block offshore China and on the associated acquisition financing.

    Represented the purchaser in its agreement to acquire an interest in a portfolio of upstream assets in Kazakhstan.

    Represented the purchaser on its farm-in to gas fields offshore Australia and on subsequent development activities.

    Represented a national oil company on the sale of a marketing, sales, and distribution business in Africa.

    Represented a large LNG buyer on its long-term agreement to purchase LNG on a portfolio basis, with hybrid pricing arrangements, and on several spot trade agreements.

    Represented an oil company on its gas sale and purchase arrangements across Southeast Asia and Central Asia.

    Represented an oil company on the unitization of gas fields in Southeast Asia.

    Represented an oil company on its actual and proposed investments into LNG liquefaction and regasification facilities in several countries across Europe, Africa, Latin America, and Asia Pacific.

    Represented a production sharing contractor in Indonesia on its long-term domestic gas sales agreement.

    Represented a global oil and gas company as mezzanine lender and supplier/off-taker on a petrochemical project in Southeast Asia.

    Represented an Asian company on its bid for a development asset in Latin America.

    Represented the sponsor in structuring the development of a proposed greenfield LNG liquefaction facility in Asia.

    Represented a listed company on its acquisition of a portfolio of upstream interests in Indonesia, on the reserves-based acquisition financing, and on subsequent operations.

    Represented the purchaser of a portfolio of producing, development, and exploration assets in Indonesia.

    Speaking Engagements

    • May 8, 2017
      Gas to Power / Renewables in South and South East Asia, panelist, IPFA Event: Moving Away from Coal Fired Power Projects
    • January 2016
      "APAC Business Development Strategies - M&A and A&D Deal-Flow, Appetite & Valuations," panelist, Asia-Pacific Assembly of the Oil & Gas Council
    • November 2015
      "LNG Infrastructure Development - Structuring Opportunities in the Current Price Environment," Asian Natural Gas Infrastructure Conference
    • April 2015
      "LNG Demand - Evolution in the Supply Chain to Asia," The LNG Summit of the 21st Annual FLAME Conference
    • July 2014
      "Asian LNG Roundtable," panelist, Project Finance International
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