Matt Mullarkey is an associate in the Project Development & Finance practice and focuses on power, M&A and oil and gas transactions throughout APAC, the Middle East and Africa.

Between 2018-2021, Matt completed two secondments at Abu Dhabi National Oil Company (ADNOC) where he led a number of upstream oil and gas transactions, including ADNOC’s 2018 inaugural Abu Dhabi licensing block bid round which awarded a number of offshore and onshore exploration blocks covering approximately 30,000km2 to multiple oil majors and IOCs.

Matt previously worked in the Middle East for a Magic Circle firm and in Kigali, Rwanda as a legal advisor to the Attorney General at the Rwandan Ministry of Justice.

Projects & Finance

• IFC, Clifford Capital and CDC plc in connection with the financing of the 413.8 MW (gas) / 333.02 MW (fuel oil) dual fired Sirajganj 4 IPP in Bangladesh
• ADB, IFC, DEG and IsDB in connection with the financing of 3x50MW Triconboston wind farms in Pakistan
• FMO and CDC in connection with the financing of the 50MW Zephyr wind farm in Pakistan
• AES Corporation, Posco Energy and China Investment Corporation in respect of its $678 million offer in secured notes and refinancing of $402 million senior secured loan facility relating to the Mong Duong 2 IPP
• IFC in relation to the development and financing of the Upper Trishuli 216 MW domestic hydroelectric power project in Nepal
• Masdar in connection with the development of a 145MW floating solar PV project over the Cirata reservoir in Indonesia, to be undertaken under the new PJB holding structure
• ICBC, Bank of China, China Construction Bank and China Agricultural Bank, together with 10+ international and regional lenders in connection with the US$4 billion Hassyan coal-fired power plant in Dubai, UAE. The plant, adopting the use of the ultra-supercritical technology, will be the first coal-fired plant in the GCC region and is fully-compliant with set international standards power
• Commercial lenders in relation to the financing and development of a choro-alkali and ethylene dichloride plant in Jubail, Kingdom of Saudi Arabia
• The Japan Bank for International Cooperation (JBIC), as financier, in connection with the Az Zour North IWPP in Kuwait tendered under the Kuwaiti PPP Law
• A Qatar-based commercial bank in a term facility to a special purpose vehicle established by shareholders in the state of Qatar for the construction, development and operation of a desalinated water facility
• A consortium in a bid for the design, construction, financing, development and operation of the 1,600 MW Mirfa IWPP Plant with Abu Dhabi Water and Electricity Authority (ADWEA)
• Qatar 2022 Supreme Committee for the development of Lusail City and World Cup stadiums in preparation of the 2022 FIFA World Cup in Qatar
• Partners Group, a Swiss private market investment manager, and its subsidiary, CSS Corp Technologies (Mauritius) Limited, in refinancing its loans from a syndicate of banks comprising Nomura Singapore Limited, Investec Bank, ING Bank N.V., Siemens Financial Services and Citicorp International LimitedBarclay's Bank PLC in a multi-tranche facility to GuarantCo for the purpose of covering its guarantees for infrastructure projects in East Africa

Oil & Gas

• ADNOC on the award of exploration rights for Abu Dhabi Onshore Block 5 to a wholly-owned subsidiary of  Occidental Petroleum Corporation
• ADNOC on the award of exploration rights for Abu Dhabi Offshore Block 3 to a consortium consisting of wholly-owned subsidiaries of Eni S.p.A. and PTT Public Company Limited.
• PETRONAS in respect of the development of its approximately US$28 billion RAPID (Refinery and Petrochemical Integrated Development) refinery and petrochemicals project in Malaysia involving refinery, cracker, and multiple downstream joint venture projects in Malaysia
• ADNOC on the 2018 inaugural Abu Dhabi licensing block bid round and follow-up 2019 licensing block bid round, awarding a number of offshore and onshore exploration blocks covering approximately 30,000km2 to multiple oil majors and IOCs including ENI, PTTEP, Occidental Petroleum, INPEX Corporation and a consortium led by Bharat Petroleum Corporation and Indian Oil Corporation 
• ADNOC in respect of a transfer of shareholding in ADNOC Onshore opco and concession rights in the Abu Dhabi Onshore concession area by CEFC to ZhenHua
• ADNOC on the grant of a 40 percent interest in Ruwais Diyab unconventional gas concession to Total, the first arrangement of its kind in the Middle East
• 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 respect of the transfer of concession rights in the Lower Zakum and Umm Shaif & Nasr Concessions
• ADNOC in respect of the packaging and commoditising of its distributions assets into a new joint venture vehicle and sale of a 40% interest in the same to KKR and BlackRock
• Taiwan’s state-owned CPC Corporation in connection with a 20-year, 800,000 tonnes per annum LNG sale and purchase agreement with GDF Suez for gas sourced from the Cameron LNG Project in Louisiana, United States
• Sponsors in joint venture with the Government of Uganda for the financing and development of a 60,000 barrel per day petroleum refinery in Kabaale, Uganda
• A Malaysian oil development and production company in its negotiation and execution of its production sharing contract and joint operating agreement with PETRONAS for oil fields in the Strait of Malacca

M&A

• Mubadala Development Company PJSC, a sovereign wealth fund of the Government of Abu Dhabi, in its acquisition of a 35% ownership interest in a sewage treatment plant in Bahrain co-owned by Samsung Engineering Company Limited and United Utilities International Limited
• Qatar Islamic Bank in its acquisition of a 20% ownership interest in a Bahraini-based bank with offices across the MENA region (including Lebanon, Saudi Arabia, Sudan, Egypt, Algeria, Jordan and Pakistan)
• Xerox Corporation in its proposed acquisition of 100% ownership interest in a litigation, compliance and legal services provider and its related subsidiaries based in the US, UK, Europe and India
• An Indonesian air charter services provider (mostly to oil and gas companies in Indonesia) in its sale of a significant minority stake to Standard Chartered Private Equity
• A US-based seafood company with respect to a sale of a significant minority stake to an India-based venture capital fund
• Quadria Capital in its acquisition of a significant minority stake in PT Soho Global, an Indonesian pharmaceutical distribution and manufacturing company, for US$40,000,000
• China African Mining Co. Ltd. in its staged divestment of a 60% ownership interest in Pan African Mining, a Zimbabwean mineral resource company
• Caisse de dépôt et placement du Québec in its acquisition US$365 million of a 40% interest in CLP India Private Limited