Jambaran-Tiung Biru (JTB) Awarded as Oil & Gas of The Year by Project Finance International (PFI) Awards 2019
We are delighted to announce that our Jambaran-Tiung Biru (JTB) Project Finance deal has won the Asia-Pacific Oil and Gas Deal of the Year award in the 2019 Project Finance International (PFI) Awards.
Not only was this project one of the largest project financing transactions closed in 2019, it is also first of its kind in Indonesia, involving hybrid conventional and sharia financing and a trustee borrowing scheme which added a layer of complexity to the usual financing scheme.
UMBRA – Strategic Legal Solutions acted as Indonesian borrower’s counsel in running this project. The award is a testament to the strength and capabilities of our oil & gas and project finance practice groups.
We congratulate all parties involved in this deal. It has been an honor to be involved in this historical project!