Due to the innovative and complex nature of this industry, clients often come across with numeral international and cross-border transactions. Our expert team can provide pragmatic legal advice, guiding you through with the application process for an exploration and distribution license, as well as financing drilling negotiating related contracts.
Having a commercial and realistic approach, we aim to help our clients to reach their goals and solve their problems, mitigating any risks involved.
At Michael Kyprianou & Co. LLC, being from the beginning next to our clients and building a strong relationship with them, we share their concerns when it comes to registration and the frustration it may entail due to the bureaucracy for FPSO and FSO registration. Thus, we ensure a smooth registration for our clients, by starting the proceedings and filling the relevant application forms for the registration of Floating Production Storage Offloading Units, Floating Storage Offloading Vessels and Mobile Offshore Drilling Units in the Cyprus flag Registry.
Additionally, having offices around the globe, we can proceed with the registration of FPSOs and FSO’s in other jurisdictions as well, providing our clients with their best option for their business needs.
Aiming to build a close relationship with our clients, we understand their needs and cater for their every concern, ensuring that disputes are avoided. However, sometimes this is inevitable, thus our team excels in managing disputes to our clients best business advantage, mitigating the operational, financial, reputational and any other risks involved.
Our team has an in-depth understanding of both local law and EU policies/regulations, being able to assist in cross border disputes, covering a broad range of commercial matters, among which joint ventures, alignment and joint operating agreements, oil and gas leases and much more.
Our expert team can provide insightful and commercial advice to our clients on various contractual matters including all the unique matters pertaining to the oil & gas sector. Therefore, we can draft, review and negotiate contracts relating to the exploration, production and development of oil& gas projects, including operating agreements, farm-out agreements, production purchase and sale agreements and any other contracts relating to the oil & gas business and operation.
Until the present time, there are no specific laws on hydrocarbon exploration and exploitation activities in Cyprus and the general corporate tax laws in force are applicable for such cases. Our team is well disciplined to deliver a holistic and business focus advice on any tax issues may arise and assist in the most efficient tax planning structure for your business in this respect.
Project financing is getting more difficult and complex, especially in the energy sector. Our team is well experienced across the full scope of this sector and is ready to provide you with custom made finance solutions which are commercially feasible and bankable. Our clientele varies from lenders, DFIs and IFIs, developers and contractors to credit support agencies etc.
Having a strong finance team, our clients can be reassured that their needs and interests will be fulfilled.