Wayne Fedun has practised oil and gas law in Canada and internationally since 1992. He has negotiated and prepared a variety of energy industry agreements, including joint venture agreements, project development agreements, project finance agreements, facility agreements, engineering, procurement and construction agreements, transportation agreements, marketing agreements, Canadian East Coast off-shore agreements and various South American and Central Asian agreements. These agreements related to projects ranging from several million to several billion dollars and involved conventional energy matters, heavy oil and oil sands projects, and off-shore drilling and production projects. As a member of our Canadian banking and finance team, Mr. Fedun acts as a lender and borrower counsel in connection with debt financings, being responsible for preparing and commenting on loan agreements, security documents and considering registration and priority issues. The financing transactions he has led involve various structures, including demand facilities and long-term, secured, syndicated arrangements respecting credit facilities of up to several hundred million dollars.
Capital Power Corporation completed its acquisition of Goreway Power Station Holdings Inc., which owns the Goreway Power Station, from JERA Co., Inc. (JERA) and Toyota Tsusho Corporation for a total of $977 million.
On August 18, 2016, Paramount Resources Ltd. (Paramount) completed the sale of oil and gas assets in the Musreau/Kakwa area of west-central Alberta to Seven Generations Energy Ltd. (Seven Generations) for total consideration of approximately $2.1 billion.
On July 18, 2016, Cheung Kong Infrastructure Holdings Limited (CKI), a Hong Kong-based global infrastructure company that holds diversified investments in energy infrastructure, transportation infrastructure, water infrastructure, waste management, and waste-to-energy and infrastructure-related business, and Power Assets Holdings Limited (PAH), a Hong Kong-based global investor in power and utility-related businesses with investments in electricity generation, transmission and distribution, renewable energy, and energy from waste and gas distribution, completed their $1.7-billion acquisition of 65-per-cent indirect ownership interest in select heavy oil pipeline and storage assets from Husky Energy (Husky) in Alberta and Saskatchewan, and related joint-venture, financing and commercial arrangements.
Encana Corporation completed the sale of certain Clearwater assets, located in southern and central Alberta, to Ember Resources Inc. for a purchase price of approximately $605 million, before adjustments.
