International law firm Ashurst has advised Siccar Point Energy on the increase of its existing reserve based lending facility ('RBL') from US$600 million to US$800 million. The agreement, reached with the participation of all Siccar Point Energy's existing banks, includes an extension of its maturity by two years, to 2025.

The Ashurst team was led by oil and gas financing partner Huw Thomas, assisted by associate Nicole Lim. The team worked closely with David Sheach, general counsel of Siccar Point Energy.