Kirkland Advises Delfin Midstream on Partnership with EIG’s MidOcean Energy to Advance Second FLNG Vessel
Kirkland & Ellis advised Delfin Midstream Inc. in its joint venture with MidOcean Energy, an LNG company formed and managed by EIG, pursuant to which MidOcean acquired a 50% equity interest in Delfin's second floating LNG production vessel (FLNG2), to be located offshore Louisiana, and will receive a corresponding share of LNG production, subject to a positive final investment decision (FID) and the satisfaction of customary conditions precedent. The FLNG2 vessel will leverage the established design of Delfin's FLNG1 vessel, which reached FID on June 3, 2026, and is currently in execution, providing significant schedule and cost certainty. Kirkland also advised Delfin on the development of FLNG1.
The Kirkland team included project development and finance lawyers Chris Peponis, Carlos Diaz, Siyao Liu and Andy Yuan; corporate lawyers Alex Robertson, Bo Cook, Michael Marek, Shubi Arora, Jhett Nelson, Maysa Alqaisi and Sara Baldazo; and tax lawyers Jonathan Macke, Grant Solomon and Sara Gehr.
