BP assembles legal advisors for Singapore

BP assembles legal advisors for Singapore

The energy giant has named a panel of five law firms for 2022-24

British oil and gas company BP has chosen Ashurst, Baker McKenzie, Dentons, Pinsent Masons and Simmons & Simmons as its legal advisors in Singapore for the years 2022 to 2024.

It is the first time that BP has assembled a panel specifically for Singapore. The company has named 26 legal advisors across four panels: Singapore, global, the UK and the US.

In a statement, BP said, "The selection comprised a competitive bid process. It focused on rates, commitment to diversity and inclusion and capability relevant to the energy transition."

The global panel features Arnold & Porter Kaye Scholer, Freshfields Bruckhaus Deringer, Herbert Smith Freehills, Linklaters, Norton Rose Fulbright and Sullivan & Cromwell.

The UK and US panels comprise 8 and 11 firms, respectively. While firms including Ashurst, Dentons and Pinsent Masons figure on the UK panel, the US firms include Baker Botts, Kirkland & Ellis, Morgan, Lewis & Bockius and Reed Smith.

The selection of firms marks a departure from BP's previous system of only two legal panels, one for the UK and the other for its international operations.

Many of the panel firms including Baker Botts have previously advised BP on matters such as its last year's $5.6 billion midstream Alaska business sale to Harvest Alaska.