Alexander V. Marchenko, whose practice focuses primarily on upstream oil and gas, mining, and metals, advises clients throughout their corporate transactions. A native Russian speaker who also is fluent in English, Alexander counsels clients throughout Russia and the Central Asian and Caspian countries on onshore and offshore acquisitions and divestitures of exploration and production assets, including financing and parent guarantees; due diligence investigations; negotiating relevant sale-and-purchase; and amendment and reissuance of exploration and production licenses.
Alexander’s clients, which consist of some of the world’s leading utility companies and gas producers, turn to him to help them manage joint ventures and acquisitions. He often works with companies seeking international partnerships and he advises US, European, and Asian energy clients on cross-border ventures, particularly those with interests in Russia and its offshore natural gas fields.
While the bulk of his practice focuses on oil and gas, Alexander has a wide range of experience representing clients in mergers and acquisitions (M&A), bankruptcy, public offerings, and general corporate and commercial matters in other business sectors. His experience includes counseling major corporations on multibillion dollar acquisitions.
Alexander regularly participates as a speaker at various mineral resource industry conferences in Russia and other CIS countries, and most recently spoke at the AIPN conference on the use of sole risk provisions in Russia in St. Petersburg in November 2017.
Current assistance to an Asian oil & gas major on proposed acquisition of strategic minority stake in substantial oil and gas field clusters controlled by a leading Russian NOC
Assistance to a Russian major in a recently completed substantial upstream joint venture project with Mubadala Petroleum of Abu Dhabi and Russia Direct Investment Fund, covering a group of producing fields in Siberia
Current assistance to a consortium of India’s five leading NOCs on their pending new strategic minority stake investment into a group of Rosneft’s Vankor cluster licenses
Assisting State Oil Company of Azerbaijan (SOCAR) in the successful negotiation and recent signing with the BP-led consortium of IOCs of an amended and restated ACG offshore fields production sharing agreement and related contracts for this super-giant project in the Azerbaijan sector of the Caspian Sea. There has been over $30 billion in investment by the consortium and over 3 billion barrels of oil produced to date, and the PSA term is now extended to 2050
Assisting a leading multinational energy company on a proposed large-scale oil, gas, and condensate exploration and production development project with Rosneft covering two fields in Russia’s far north and two similar projects with Kazmunaygas and with Chinese energy company in Kazakhstan
Assisting OMV of Austria in its proposed large new joint venture with Gazprom and Wintershall to develop deep Achimov horizons of the large Urengoi field in the Yamal-Nenets region of Russia’s far north
Advising VTB in connection with a loan to two Chinese energy companies investing in a new joint venture with Gazpromneft to develop a group of onshore fields in Eastern Siberia
Assisted Statoil in a large-scale E&P venture with Rosneft involving offshore blocks in the Barents and Okhotsk Seas
Assisted Statoil in the major Shtokman offshore gas field development and liquefied natural gas (LNG) project, together with a Russian major and Total, in the Russian sector of the Barents Sea
Assisted a major French state power and utilities company in its proposed farm-in into one of Russia's major LNG projects
Advised Bashneft (and its controlling shareholder AFK Sistema) in the formation of its joint venture with Lukoil to develop the large Trebs-Titov field complex in the Nenets Autonomous Okrug; follow-up advice on the subsoil licensing issues of the joint venture
Assisted Chevron in a proposed large-scale E&P venture with Rosneft to develop a deepwater Russian Black Sea block
Advised Eni SpA in various aspects of its $5.8 billion acquisition at the 2007 Yukos assets bankruptcy auction of three gas and condensate producing companies in Russia and a 20% stake in Gazpromneft, follow-up support of this acquisition to date, and the 2009 sale of the Gazpromneft stake to Gazprom for $4.2 billion
Assisted a major Asian national oil and gas company in its responsive action to trade sanctions impeding the performance of a pre-agreed drilling contract
Advised a major Asian commodity and manufacturing company on legal issues in connection with joining a consortium of investors into Russian new offshore oil and gas fields
Assisted a Japanese conglomerate in proposed acquisition of strategic minority stake in a northern Russia oil field
Assisted a prominent Asian direct investment fund in its administrative and legal proceedings related to obtaining mineral extraction rights in Siberia; further assistance on Russian corporate and regulatory matters
Advised a joint venture of the Russian and Kazakhstan national oil and gas companies on the legal issues pertaining to the proposed spin-off of a significant gas processing operation
Assisted Gazpromneft on its proposed E&P venture with Shell, to encompass joint development of two offshore Russian Arctic blocks and other upstream assets outside of Russia
Assisted Lundin Petroleum in all aspects of their proposed venture with Rosneft to develop the Lagansky block in the Russian sector of the Caspian Sea (suspended)
Assisted a Russian oil and gas company on a proposed joint venture with an Asian energy company partner involving an East Siberia field, including preparation of participants agreement and foundation documents under Russian law
Assisted Itera, one of Russia’s leading independent gas producers, in its proposed strategic joint venture with a major Russian oil and gas company and on the subsequent sale of its 49% share in the joint venture company to Rosneft for $2.9 billion
Assisted ArcelorMittal in its $720 million acquisition of a group of Eastern Siberia coal assets companies from Severstal of Russia
Assisted various clients in preparation of various types of petroleum contracts with the Government of Turkmenistan. This work included assisting a major European company, a major Asian company, and various other companies in the drafting of their production-sharing agreements for various Turkmen fields, advising in other types of petroleum contracts in Turkmenistan, and advising in various ancillary matters.
Advised various clients (in mineral resource and other sectors) on the Russian laws restricting foreign investment in "strategic enterprises"
Conducted extensive due diligence investigations into production companies and other corporate structures in Russia
University of Toronto, Canada, 2002, LL.M.
Eligible in the Russian Federation
Awards and Affiliations
Next Generation Lawyers, Energy and Natural Resources, Russia, The Legal 500 EMEA (2019)
Ranked, Energy & Natural Resources, Russia, Chambers Europe (2012–2018)
Ranked, Energy & Natural Resources, Russia, Chambers Global (2012–2019)
Highly Regarded, IFLR1000 Financial and Corporate Guide (2018, 2019)
Recommended, The Legal 500 EMEA (2017)
Member, Practice Group of the Year, Energy, Law360 (2016)