Whether it be an oil and gas development, mining project or transportation infrastructure, Sean is able to provide clients with advice in regards to structuring your project in order to maximise bankability, profitability and exits.
Todd Energy – Mangahewa drilling and development project
As Todd Energy’s Commercial Manager SREIL’s Sean Rush managed the procurement of the full suite of drilling services needed to support Todd Energy’s 24 well drilling programme carried out between 2015 to 2017. Starting with the acquisition of the ‘Big Ben’ drilling rig and negotiation and appointment of MB Century as rig operator, the remaining support services were procured after a full tender process undertaken throughput 2014 and finalised in 2015.
Mighty River Power (now Mercury) – Geothermal development
SREIL’s Sean Rush was retained by Mighty River Power to advise on its geothermal development strategy and the procurement of drilling rig and associated services.
Shanta Gold – Mining
Sean Rush advised Shanta Gold in respect to their ‘silver stream’ financing for their Tanzanian gold mining operations. The silver streaming structure is a novel financing structure whereby silver ore mined whist extracting gold is forward sold in exchange for project capital. This more recent instruction (2016) followed on from previous work (2012) in negotiating funding by way of a royalty agreement.
Sean Rush advised Shanta Gold in respect to an EPC contract for the construction and development of mining equipment to support their Tanzanian operations.
Southampton City Council – Combined Heat and Power project
SREIL’s Sean Rush was engaged by the Southampton City Council to develop a PPP contract whereby the investor would install a gas fired power station and use the excess heat for residential heating of a nearby council estate. The investor would receive a monthly firm ‘take or pay’ fee for having heat available, guaranteed by the Council over the term of the contract.
As a senior associate in the Energy and Infrastructure team of London law firm, Nabarros, SREIL’s Sean Rush was engaged to advise the Go Ahead Group in respect to their bids to secure the Chiltern Railways franchise and Great Western railway franchises from the Strategic Rail Authority. Go Ahead committed to a multi-billion dollar investment in new infrastructure associated with the route over the term of the franchise and committed to minimum service levels associated with passenger numbers and punctuality. In return, and subject to the minimum service levels being met, Go Ahead received a minimum monthly revenue stream from fares that would be topped up by the Government should fares be in.
English Partnerships – Thames Gateway Regeneration Project
English Partnerships is the UK’s national regeneration agency who are helping to deliver sustainable neighbourhoods, organise infrastructure improvements and new jobs and facilities for local people. SREIL’s Sean Rush was engaged to project manage the delivery of a feasibility study setting out funding structures for the development of two new tunnels and two new bridges across the Thames as part of the “Thames Gateway Project” the biggest regeneration project in Europe.
Fort Hills Utilities Infrastructure EPC
SREIL’s Sean Rush led a team in the negotiation and award of two engineering, procurement and construction (EPCs) valued in aggregate at ~$750 million for the construction of utilities infrastructure for the Fort Hills oil sands project in Alberta Canada. The award was made to a joint venture between CH2M Hill and Lockerbie & Hole Construction. Jo Danko, CH2M Hill’s lead commercial negotiator commented: “Sean’s contribution in getting these agreements to signature over the last few weeks has been significant – we wouldn’t have done it without him”
Fort Hills – Sturgeon Water Management Plant
SREIL’s Sean Rush negotiated the commercial terms for the use of the Sturgeon County (Alberta Canada) and the Alberta Capital Region Wastewater Commission waste-water treatment plant. The agreement allowed treated waste water to be used as industrial process water at the Fort Hills oil sands project after which it would be returned to the treatment plant and recycled.
Dragon Oil – Project financing
Sean Rush, as acting General Counsel, managed a team that secured project financing from the EBRD to support Dragon Oil’s oil and gas project in the Cheleken field in the Turkmen sector of the Caspien Sea.