Ben Bradstreet

Partner
Norton Rose Fulbright Australia

Perth
Australia
T:+61 8 6212 3249
Perth
Australia
T:+61 8 6212 3249
Ben Bradstreet

Ben Bradstreet

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Biography

Ben Bradstreet is an energy and infrastructure partner based in Perth.
 
Ben works with owners, investors, developers, lenders and governments on legal and commercial issues arising from projects and transactions in primary and secondary industries, including:
  • oil and gas including LNG;
  •  refineries, petrochemicals, manufacturing and similar industrial processes;
  •  power, water, pipeline gas, waste and other utilities; and
  •  engineering and construction projects, social infrastructure and other commercialized assets.
 
The areas of Ben's legal practice cover:
  •  equity structures, project ownership and governance;
  •  project funding structures and associated requirements;
  •  competitive tenders and bid processes, procurements, construction and the use of customary project delivery models;
  •  commercial project contracts necessary to generate revenues (eg, offtake, marketing, sale and purchase, tolling); and
  •  operation-phase and end of life matters including transactions affecting the ownership interests and the project assets, expansions and de-commissioning.
 
Ben has a focus on new and emerging energy and carbon technologies that support the energy transition of energy producers and major consumers. Ben has always been a sector-coupling lawyer and is ideally placed to help companies decarbonize their businesses, assets and/or operations because he draws from considerable experience putting together ownership and funding structures for major undertakings and negotiating commercial and contracting frameworks to deliver and commercialize projects in all regions around the world.

Professional experience

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  • LLB, Murdoch University (2005)
  • Post Graduate Diploma, Legal  Practice, College of Law (NSW) (2006)
  • Supreme Court of New South Wales 2006
  • Supreme Court of Western Australia 2006
  • High Court of Australia 2007

Energy transition and decarbonisation projects

Ben has advised joint venture investors on the preliminary stages of around a dozen 'new energy' and decarbonisation projects planned or underconstruction in Australia, New Zealand, Indonesia, Germany and the United States with counterparties from Australia, India, Japan, Europe and the United States. Representative matters include
  • a global energy company on the development of multiple hydrogen and ammonia projects in Australia and the United States including terms for undertaking technical studies, joint venture agreements and for wind power projects and other electricity supply
  • Woodside Energy Technologies on its equity investment in a number of biotech companies, including String Bio and Lanzatech, and its agreements pilot projects and commercialisation and development frameworks using proprietary process tecnology

Upstream, Midstream Oil and Gas

Ben's experience includes advising investors, operators and lenders on developing, financing and acquiring upstream and midstream oil and gas infrastructure in Africa, the Middle East, the United States, the United Kingdom, Israel, Cyprus and other Eastern Mediterranean countries. Some representative matters include:
  • Woodside Energy on aspects of its acquisition of BHP Petroleum's global business and assets
  • North West Shelf JV (BHP Petroleum (exited), BP, Chevron, Shell and Japan MIMI LNG and Woodside (operator)) on commercial agreements for processing gas to toll LNG , facilities tie-in engineering and construction works and other commercial and governance arrangements in relation to third party gas to be delivered from onshore and offshore Western Australia
  • International and Nigerian commercial lenders to Chevron and the Nigerian National Petroleum Corporation in connection with the financing of an onshore and offshore drilling program in Nigeria ("Africa and Middle East Oil Deal of the Year 2015" Thomson Reuters/PFI)

Downstream Oil and Gas; LNG

Ben has significant experience in all aspects of the downstream oil and gas sector and has worked on projects and transactions in Saudi Arabia, Iraq, Israel, Cyprus, Egypt, Europe, Russia, Khazaksthan and the CIS, the United States and Australia. Representative matters include:
  • Mitsui E&P on gas tolling joint venture and commercial agreements to supply natural gas into the Victorian transmission network
  • Iberdrola on multiple long term LNG SPAs and tolling agreements with owners of LNG facilities and terminals located across the Gulf of Mexico

Petrochemicals; chemicals

Ben has worked with government and private developers on the largest and most complex petrochemicals projects undertaken in the Middle East and the CIS. Representative matters include:
  • An Australian company on it's proposed equity investment in the Perdaman Urea Project involving a urea production facility (~2 mtpa nominal production capacity) to be developed in the Burrup Strategic Industrial Area on the Burrup Peninsula in Western Australia
  • Saudi Aramco in connection with the USD 20 billion Sadara petrochemical project in Saudi Arabia ("Project Finance Deal of the Year 2013" IFLR; "Middle East and North Africa Deal of the Year 2013" IFLR; "Middle East and African Petrochemical Deal of the Year 2013" PFI)
  • KLPE LLP (a joint venture between sponsors including LG Chem Ltd and United Chemicals Company) on all aspects of its USD 4 billion development and financing of an integrated petrochemical facility in Kazakhstan

Renewables

Ben has significant projects, project financings and transactional experience in the leading renewable energy sources and technologies including solar PV, solar thermal/CSP, wind, hydro, biomass and waste. He has worked with contractors, sponsors, investors, lenders and governments on a range of projects located in the United Kingdom, the United Arab Emirates, Jordan, Egypt, India, Phillipines, Thailand, Laos and Australia. Representative matters include:
  • Macquarie Capital on various wind farm project bids, project developments and financing as well as sell-downs and exits, including Murra Warra Wind Farm I and II (approx 430 MW) and Stockyard Hill (approx 530 MW) in Victoria
  • Dutch and Australian PE funds on the establishment of a renewable energy investment fund with Synergy and the acquisition and development by the fund of around 400 MW of solar and wind projects in Western Australia
  • International Finance Corporation on project financing of more than 20 individual solar PV projects in Egypt and Jordan, including in negotiations concerning the standard terms of the Egyptian government's Feed-in-Tariff Programme ("Middle East Renewables Project of the Year 2014" IJGlobal)
  • Law Society of Western Australia
  • Energy and Resources Law Association
  • English
  • French

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