Matt Mullarkey

Energy M&A

• Petroliam Nasional Berhad (PETRONAS) in respect of the establishment, structuring, financing, development and investment into the US$28 billion Refinery and Petrochemical Integrated Development (RAPID) refinery, cracker and petrochemicals joint venture with Saudi Aramco in Malaysia.*
• ADNOC in respect of its inaugural Abu Dhabi 2018 Block Bid Licensing Round, awarding offshore and onshore exploration concessions to ENI, PTTEP, Occidental Petroleum, Inpex Corporation and a consortium led by Bharat Petroleum Corporation and Indian Oil Corporation, for a total value of $820 million and covering approximately 30,000km2 of exploration blocks.*
• ADNOC on its 2019 follow-up Block Bid Licensing Round, awarding offshore and onshore exploration concessions to COSMO, ENI, Occidental Petroleum, PTTEP and a consortium of Pakistani oil majors, for a total value of $819 million.*
• ADNOC on the sale of interests in the ultra-sour gas Ghasha oil and gas concession to ENI, Wintershall DEA, OMV and Lukoil.*
• ADNOC in the sale of a 40% interest in the Ruwais Diyab unconventional gas concession to Total.*
• ADNOC in respect of a sale of shareholding in ADNOC Onshore opco and concession rights in the Abu Dhabi Onshore concession area by CEFC to ZhenHua.*
• Mubadala Investment Partners on the acquisition of a 35% interest in Muharraq Sewage Treatment Plant in Bahrain from Samsung Engineering Company and United Utilities International Limited.*
• Emirates Global Aluminium PJSC in respect of its acquisition of Leichtmetall Aluminium Giesserei Hannover GmbH, a German aluminum recycling and remelting business.*
• Emirates Global Aluminium PJSC in respect of its acquisition of an 80% stake in American aluminum recycling firm, Spectro Alloys Corporation.*
• Emirates Global Aluminium PJSC in respect of its acquisition of an Italian aluminum recycling and remelting business.*
• Qatar Islamic Bank on its acquisition of a 20% ownership interest in a Bahraini-based bank with offices in Lebanon, Saudi Arabia, Sudan, Egypt, Algeria, Jordan and Pakistan.*
• Quadria Capital in its acquisition of a significant minority stake in PT Soho Global, an Indonesian pharmaceutical distribution company.*
• Kredivo, a leading provider of digital financial services to the underbanked in Southeast Asia, in respect of its multi-tranche acquisition of PT Bank Bisnis, a publicly-listed Indonesian bank, for US$200 million.*
• Kredivo in respect of its US$270 million Series D fundraise from Mizuho Financial Group and a consortium of venture capital firms.*
• ADNOC in respect of its disposal of a 35% stake in ADNOC Refining to Eni and OMV for $5.8 billion.*
• ADNOC in connection with the sale of a 40% stake in ADNOC Oil Pipelines to a consortium comprising of Blackrock and KKR for $4 billion.*
• Reliance Industries Limited on sale of a 20% stake in its oil-to-chemicals business to Saudi Aramco.*
• An Indonesian air charter services provider in its sale of a significant minority stake to Standard Chartered Private.*

Project Finance & Development

• Pertamina, Marubeni and Sojitz on the development of the US$1.7 billion integrated Jawa-1 LNG-to-Power Project in West Java Province, Indonesia.*
• A syndicate of 13 APAC and MENA-based lenders in connection with the US$3.4 billion Hassyan Power Plant in Dubai, UAE (this deal was awarded “MENA Power Deal of the Year 2016” by IJ Global Awards and “Middle East and Africa Power Deal of the Year 2016” by PFI Awards).*
• AES Corporation, Posco Energy and China Investment Corporation (as developers) in respect of a US$1.1 billion refinancing, consisting of syndicated loans and senior secured bonds, for the 1,120 MW Mong Duong 2 Power Plant in Northern Vietnam (this deal was awarded “Asia Pacific Refinancing Deal of the Year” by IJ Global Awards 2019).*
• J-Power, PT Adaro Energy Tbk and Itochu in the development and financing of the US$4.3 billion 2,000MW Central Java IPP, a greenfield coal-fired power project in Central Java in Indonesia (this deal was awarded “Power Deal of the Year 2016” by Project Finance International, “Asia Pacific Power Deal of the Year 2016” by IJGlobal Asia Awards and “Project Finance Deal of the Year 2016” by IFLR Asia Awards).*
• Japan Bank for International Cooperation (JBIC) and the commercial lenders on the US$645 million financing of the Az-Zour North 1 Power and Water Project, the first project to be implemented under Kuwait's Public Private Partnership (PPP) Laws.*
• Masdar in connection with the development of a 145MW floating solar PV project over the Cirata reservoir in Indonesia, undertaken as a joint venture with the Indonesian state electricity company, PT PLN.*
• International Finance Corporation (IFC), Asian Development Bank (ADB), German Investment Corporation (DEG) and Islamic Development Bank (IsDB) in relation to the financing and development of the Triconboston 3 x 50 MW Wind Power Plants in Sindh Province, Pakistan.*
• IFC on the financing and development of six wind power projects (Super Six) in Jhimpir wind corridor in Pakistan with a combined capacity of 310MW.*
• Netherlands Development Finance Company (FMO), CDC Group and United Bank Limited in relation to the development of the 50 MW Zephyr Wind Power Project in Sindh Province, Pakistan.*
• An IFC-led consortium in connection with the financing and development of the $453 million, 216MW Upper Trishuli-1 Hydropower Project in the Rasuwa district of Central Development Region of Nepal.*
• IFC, CDC Group, Japan International Cooperation Agency (JICA) and Clifford Capital as lenders on their financing of the US$412 million Sirajganj Independent Power Project in Bangladesh.*
• Albertine Graben Refinery Consortium on the development, financing, construction and operation of a greenfield refinery project in Hoima District, Uganda.*
• Qatar 2022 Supreme Committee on the development of Lusail City and FIFA World Cup stadiums in preparation of the 2022 FIFA World Cup in Qatar.*
• Clifford Capital and Sumitomo Mitsui Banking Corporation (SMBC) on the $140 million financing of the Gazipur II 300MW IPP developed by Summit Power International.*
• Commercial Bank of Qatar on its $360 million financing and development desalinated water facilities with Qatar Electricity and Water Company, Qatar General Electricity and Water Corporation (KAHRAMAA), and Qatar Energy.*
• JBIC and the commercial lenders on the financing of an FSRU designed to supply LNG to a power project in Mozambique.*
• Platinum Partners Value Arbitrage Fund in connection with its US$150 million financing of Cokal Limited’s Bumi Barito Nickel and Mineral Project in Indonesia.*
• The Government of Rwanda in connection with the financing and development of the $142 million KivuWatt Methane-to-Power Project, Rwanda’s first methane extraction-to-power project.*
• The Government of Rwanda on the financing and development of the Central Corridor Gauge Railway, connecting Kigali (Rwanda), Dar es Salaam (Tanzania) and Bujumbura (Burundi)*
• The Government of Rwanda on the financing and development of the $325 million Bugesera Airport, Rwanda’s first project developed and financed through its PPP regime.*

Legislation & Frameworks

• The Government of Rwanda on its Public Private Partnership Guidelines and implementation regulations.*
• The Government of Rwanda on Law No. 84/2013 of 11/09/2013 on the Crime of Genocide Ideology and Other Related Offences.*
• The Federal Parliament of Somalia on the Somali Petroleum Law 2020-2.*
• The Ministry of Electricity and Energy of Myanmar (MOEE) and the IFC on model forms of concession agreement and power purchase agreement for renewable power projects.*
• The Supreme Petroleum Council of Abu Dhabi on the revision and restatement of Law No. 8 of 1978 on the Conservation of Petroleum Resources.*

*Matters completed prior to joining Kirkland