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JV · Deal Room
Offshore Services JV — Saudi
Renaissance Services SAOG
Matter progress
Drafting5 docs · 8d open
Overview
Formation of an offshore services JV between Renaissance Services and a Saudi partner to bid on Aramco long-term charters. Early drafting: heads of terms agreed on capital contribution and governance; JV agreement and shareholders' agreement being prepared. Saudi MISA approval workstream to run in parallel.
Deal value
OMR 76,000
Client
Renaissance Services SAOG
Counterparty
Saudi Marine Services Co.
Matter type
JV
Lead lawyer
Salim Al Kindi
5 docs · 8d open · Drafting
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Deal documents
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| Document | Party | Key clauses | Risk | Lang | |
|---|---|---|---|---|---|
Heads of Terms — Offshore JV | Renaissance ↔ Saudi Partner | Governing lawConsent | Medium | EN | Redline |
Joint Venture Agreement — Initial Draft | JV Parties | Change of controlConsentGoverning law | Medium | EN | Redline |
Services Framework — Scope of Work | Operating co. | Termination | Low | EN | Redline |
اتفاقية عدم الإفصاح — النسخة الأولى | أطراف المشروع المشترك | Low | AR | Redline | |
Regulatory Approvals Memo — Saudi | External counsel | Governing law | Medium | EN | Redline |
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