Joint Venture & Co-Ownership Structuring

Ceres Global Ag Corp. on its joint venture with Steel Reef Infrastructure Corp. to develop a hydrocarbon rail terminal at Ceres’ existing Northgate, Saskatchewan, rail facility to facilitate the transloading of hydrocarbon products for movement between the U.S. and Canada.

TC Energy Corporation on the sale of an 85 per cent equity interest in Northern Courier Pipeline to AIMco and, in conjunction with the sale, the financing of long-term, non-recourse debt, with approximate aggregate gross proceeds of C$1.15-billion to TC Energy.

Suncor Energy Inc. on its acquisition of an additional five per cent interest in the Syncrude joint venture from Mocal for C$920-million.

PetroLama Energy Canada Inc. in connection with its crude oil storage joint venture with Keyera Energy Inc. in Cushing, Oklahoma.

Husky Energy on its C$1.7-billion sale of 65 per cent of certain midstream assets to Cheung Kong Infrastructure Holdings Limited and Power Assets Holding Limited.

Kinder Morgan Canada Inc. on its joint venture with Keyera Corp. to build Alberta Crude Terminal, a crude oil rail-loading facility located in Edmonton, Alberta.

Suncor Energy Inc. on its joint venture and purchase arrangements with Total E&P Canada Ltd., wherein Total paid Suncor a net C$1.75-billion. Total received a 19 per cent stake in Suncor’s piece of the Fort Hills oil sands project in Alberta and a 49 per cent stake in a Suncor-operated Voyageur upgrader. In turn, Suncor acquired Total’s 37 per cent stake in the Joslyn project. The deal was recently referred to as “one of the most complex oil sands joint ventures in recent years” by The American Lawyer magazine.

Sanjel Corporation on the reorganization and recapitalization of Sanjel International Saudi Arabia Limited, an oilfield services joint venture in Saudi Arabia, and the investment by the Industrialization & Energy Services Company (TAQA) to become a successor joint venture partner.

Sinopec, through its subsidiary SinoCanada Petroleum Corporation, on negotiating its C$105-million purchase of an interest and partnering in the C$4.5-billion Northern Lights oil sands project in northeastern Alberta, and on its C$4.65-billion purchase of ConocoPhillips’s interest in the Syncrude joint venture.

Husky Energy and Petro-Canada relating to all aspects of the development of the White Rose project, and counsel to Husky with respect to development of the Terra Nova project and on Husky’s disposition of a 50 per cent interest to CNOOC and joint venture agreement for exploration and development of Indonesia Madura field.

PTT Exploration and Production Company on its US$2.28-billion acquisition of a 40 per ­cent partnership interest in Statoil Canada Partnership, whose main asset is the Kai Kos Dehseh oil sands project in Alberta, and the subsequent negotiation of a joint venture agreement with Statoil Canada Ltd.

Enerplus Resources Fund on its US$411-million acquisition of a working interest in the Marcellus shale natural-gas play from a vendor group led by Chief Oil and Gas LLC.

Enerplus Resources Fund on its participation in the Joslyn oil sands project and negotiations with its joint interest partners, including Total, and the subsequent sale of Enerplus’s 15 per cent interest in the project to Occidental Petroleum Corporation for C$500-million.

AltaGas on the negotiation of joint venture agreements for the design and construction of an ethanol plant.