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.
Asian oil and gas major company in connection with financial audit of its activity as operator of a production sharing agreement conducted by the host government in a Central Asian country
Middle Eastern independent oil and gas company in its efforts to secure extension of its production sharing agreement in a Central Asian country, as well as assistance with ongoing host government financial audit
Asian oil and gas major on proposed acquisition of strategic minority stake in substantial oil and gas field clusters controlled by a leading Russian NOC
Asian national oil and gas company in its operational restructuring efforts in connection with its production sharing agreement concluded with a Central Asian nation
Russian major in a substantial upstream joint venture project with Mubadala Petroleum of Abu Dhabi and Russia Direct Investment Fund, covering a group of producing fields in Siberia
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 have 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
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
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
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
Statoil (now Equinor) in a large-scale E&P venture with Rosneft involving offshore blocks in the Barents and Okhotsk Seas
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
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
Major French state power and utilities company in its proposed farm-in into one of Russia's major LNG projects
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
Chevron in a proposed large-scale E&P venture with Rosneft to develop a deepwater Russian Black Sea block
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
Major Asian national oil and gas company in its responsive action to trade sanctions impeding the performance of a pre-agreed drilling contract
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
Japanese conglomerate in proposed acquisition of strategic minority stake in a northern Russia oil field
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
Joint venture of the Russian and Kazakhstan national oil and gas companies on the legal issues pertaining to the proposed spinoff of a significant gas processing operation
Lundin Petroleum in all aspects of its proposed venture with Rosneft to develop the Lagansky block in the Russian sector of the Caspian Sea (suspended)
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
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
ArcelorMittal in its $720 million acquisition of a group of Eastern Siberia coal assets companies from Severstal of Russia
Various clients in preparation of various types of petroleum contracts with the Turkmenistan government. 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
Various clients (in mineral resource and other sectors) on the Russian laws restricting foreign investment in "strategic enterprises"
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
Recognized, Energy and Natural Resources Law, Moscow, The Best Lawyers in Russia (2020, 2021)