Fariz Abdul Aziz Partner

Contact
T +603 2081 3999 ext 906
E fariz.aziz@skrine.com
 

Overview

Fariz is a corporate transactional partner, focusing on domestic and cross border mergers & acquisitions (M&A), joint ventures, privatisations, foreign investment, private equity investments and advisory services. Key industries which Fariz is active in include oil & gas, petrochemicals, power, shipping and insurance.
 
He regularly represents leading foreign multinationals on their inward bound transactions, divestments as well as domestic operations. Fariz also advises Malaysian entities on their outward investment.

Fariz previously served as a Facilitator for the Prime Minister’s Department’s Performance Management & Delivery Unit’s (PEMANDU) Corridors & Cities Lab, covering the Manufacturing and Oil, Gas & Petrochemical Entry Point Projects in the East Coast Economic Region.

 

Key Practice Areas

  • Oil & Gas, and Energy
  • Mergers & Acquisitions
  • Maritime and Shipping Advisory
  • Projects Infrastructure
 

  • Acted for Ping Petroleum on its entry into a Late-Life Asset PSC with PETRONAS in respect of Abu Cluster Offshore Peninsular Malaysia; and on its entry into PSC with PETRONAS for development and production of Meranti Cluster in offshore Peninsular Malaysia and A Cluster off the coast of Sarawak
     

  • Advised GE Oil and Gas in respect of its joint venture with SapuraKencana (now known as Sapura Energy) for the establishment of SapuraKencana GE Oil & Gas Services Sdn Bhd for the provision of after-sale services of rotating oil and gas equipment that GE’s Oil and Gas business division has sold or will sell to its customers.
     

  • Acted as Malaysian counsel for Newfield Exploration Company in respect of its disposal of its oil & gas assets in Malaysia to SapuraKencana Petroleum Berhad for USD896 million.
     

  • Advised Halliburton on its joint venture with Dialog Group Berhad and subsequent entry by the joint venture entity into an oilfield services agreement with PETRONAS Carigali, valued at USD1.2 billion in order to enhance the oil recovery at the Bayan Field, offshore of Malaysia.
     

  • Acted as Malaysian counsel for Murphy Oil Corporation in respect of the sale of 30% of its oil & gas assets in Malaysia to PT Pertamina in a deal valued at USD2 billion.
     

  • Advised the Energy Commission on the establishment of the end-user electricity tariff stabilisation fund.
     

  • Advised various international trading corporations on trading petroleum products and various other commodities in Malaysia.
     

  • Advised numerous international oil & gas E&P companies on matters relating to PSC/JOA negotiations, farm-ins, government liaison, procurement, sole risk projects and other matters relating to their domestic operations.
     

  • Acted as Malaysian counsel for PTT plc, the national oil company of Thailand on the Malaysian law aspects of its acquisition of a 10 percent stake in liquefaction plant MLNG Train 9.
     

  • Acted as lead counsel for Reach Energy Berhad on its USD154.9 million acquisition of a 60% indirect interest in five subsoil assets in Kazakhstan and debt capitalisation exercise with additional listing of 1.03 billion shares.
     

  • Acted as Malaysian counsel for Carlyle International Energy Fund in connection with its acquisition of an interest in Compañía Española de Petróleos, S.A.U (CEPSA), a Spanish integrated oil & gas company wholly owned by Mubadala Investment Company PJSC. 
     

  • Acted as Malaysian counsel in for Santos in connection with the disposal its Southeast Asian assets to London-listed Ophir Energy.
     

  • Advised BP on its entry into a long term storage agreement with Dialog Terminals Sdn Bhd and Pengerang Terminals (Five) Sdn Bhd.
     

  • Acted for 5 bidders in connection with their bids under the Energy Commission Malaysia’s Large Scale Solar Photovoltaic Plant Program Phase 3.
     

  • Acted as Malaysian counsel for OMV Aktiengesellschaft (“OMV”) on Malaysian law aspects of OMV’s strategic joint-venture partnership with Sapura Energy Berhad which involves OMV acquiring a 50% share of Sapura’s exploration and production business in a transaction with a reported value of up to USD975 million.
     

  • Acted for Murphy Oil Corporation on Malaysian law aspects of the sale of its Malaysian E&P business comprising participating interest in 7 production sharing contracts to PTT Exploration and Production Public Company (PTTEP) and country exit with a transaction value of USD2.13 billion.
     

  • Acted for Halliburton in connection with its sale of part of its interest in Halliburton Bayan Petroleum Sdn Bhd to Dialog Group Berhad, the holder of the comprehensive offshore services agreement (operatorship agreement) for the Bayan Field.
     

  • Advised a shortlisted bidder on the potential acquisition of Exxonmobil’s Peninsular Malaysia upstream assets pursuant to a formal process launched by Exxon.
     

  • Acted as lead counsel to International Petroleum Corporation on its acquisition of Petronas Carigali’s interest in the Bertam Production Sharing Contract.
     

  • Malaysian counsel to SapuraOMV on its sale of peninsular Malaysia assets to Jadestone.
     

  • Advised Repsol Exploracion SA as Malaysian counsel on the divestment process in connection with its Malaysian and Vietnamese upstream assets to Hibiscus Petroleum.

  • Acted as Malaysian counsel for Jennmar Holdings LLC in relation to its APAC expansion through the conditional acquisition of a majority stake in Dynamic Mesh & Wire Industries, together with the acquisition of a majority stake in an Australian company, Australian Steel and Wire.
     

  • Advised Syarikat Takaful Malaysia on all aspects of its restructuring of its composite takaful business into distinct operating entities for family and general takaful respectively.
     

  • Acted for Ekuiti Nasional Berhad, a government linked private equity firm in its acquisition of a strategic stake in Al-Ikhsan Sports, a multi-brand sports apparel retailer.
     

  • Acted as lead counsel for Ekuiti Nasional Berhad, a government linked private equity firm in its acquisition of the Davex Group, a luminaire designer, consultancy and manufacturer with operations in Malaysia, Singapore and Vietnam.
     

  • Acted as lead counsel for Ekuiti Nasional Berhad, a government linked private equity firm in its acquisition of a 70% stake in Flexi Versa Group Sdn Bhd for an enterprise value of RM330 million.
     

  • Advised Panasonic on the sale of its Malaysian subsidiary, Panasonic Energy Malaysia Sdn. Bhd. to GS-Solar (China) Company Ltd.
     

  • Acted for Industrialization & Energy Services Company (TAQA), a Saudi based specialised oilfield equipment and service provider on Malaysian law elements in respect of its acquisition of the entire issued share capital in Tendeka B.V., an engineering and manufacturing company which specializes in offering reservoir monitoring and optimization solutions.
     

  • Lead counsel for acquisition of Vietnamese and Malaysian solar assets by Leader Energy in competitive bid process.
     

  • Acted for Ekuiti Nasional Berhad, a government linked private equity firm on the sale of its strategic stake in Tranglo, a licensed cross border payment platform provider to TNG Fintech.
     

  • Acted as Malaysian counsel for Essentra Plc in respect of the acquisition of the entire assets and liabilities of Abric Berhad, a leading global manufacturer of security seals.
     

  • Advised Permodalan Nasional Berhad, the Malaysian government’s investment vehicle in connection with its acquisition of the SILK Highway.
     

  • Acted as Malaysian counsel for Constantia Flexibles, on the sale of its global labels division to Multi-Color Corporation for an enterprise value of approximately €1.15 billion (USD1.3 billion).
     

  • Acted as lead counsel for Zurich General Takaful Malaysia’s acquisition of the entire general takaful business of HSBC Amanah Takaful (Malaysia) Berhad.
     

  • Acted for Hope Education Group in connection with its acquisition of the Inti Education Group, which offers undergraduate and graduate degrees in business and law, computing and information technology, engineering and technology, languages and liberal arts, and applied sciences and mathematics with more than 13,000 students at seven campuses.
     

  • Acted for BP plc on Malaysia aspects of its USD5 billion sale of its global aromatics, acetyls and related businesses to INEOS.
     

  • Acted for Ekuiti Nasional Berhad as lead counsel in respect of the acquisition of 51% shares of Xenergi Sdn. Bhd. through its portfolio company Davex (M) Sdn. Bhd. to facilitate Ekuinas’ diversification and expansion into energy solutions business.
     

  • Lead counsel for OMYA (Schweiz) AG - in respect of OMYA’s acquisition of Prima Inter- Chem Sdn. Bhd., a diversified distributor of ingredients and specialty chemicals in Malaysia and Indonesia
     

  • Acted for International Business Machines Corporation (“IBM”) – in the Global Spin Off of Managed Infrastructure Services business of IBM to Kyndryl. The spin-off of the managed infrastructure services business into Kyndryl Inc is now listed on NYSE.
     

  • Acted for Halliburton for its acquisition of Resoptima group of companies.
     

  • Acted for Aker AS in Aker’s sale of subsea business globally to Schlumberger. Skrine is engaged as Malaysian transaction counsel.
     

  • Acted as counsel to Siam Commercial Bank Public Company Limited (“SCB”) in respect of the potential investment by SCB in Silvrr Technology Co., Ltd. doing business as Akulaku (“Target”) through the acquisition of shares in the Target’s Series E equity fundraising round.
     

  • Acted for Kumpulan Wang Persaraan (Diperbadankan) (“KWAP”) for potential investment in Aerodyne Ventures Sdn. Bhd., in Series B + fundraising round for the additional funds of up to USD10,000,000. Aerodyne Group, as global top ranked drone company.
     

  • Acted for Kumpulan Wang Persaraan (Diperbadankan) (“KWAP”) in the investment in Malaysian startup company, Bateriku (M) Sdn. Bhd as part of KWAP’s Dana Perintis plan.
     

  • Acted for Malaysian Technology Development Corporation (MTDC), a wholly owned subsidiary of Khazanah Nasional Berhad, on its investment into the Real Tech Fund Investment Partnership Global 1 Fund.
     

  • Advised DP World, a global port concession operator, on its proposed joint venture with Sabah Ports Sdn Bhd, a wholly owned subsidiary of Suria Capital Holdings Bhd, for the management and operation of Sapangar Bay Container Port, as well as investment in logistics and supply chain infrastructure in Sabah.

  • Acting as Malaysian counsel for Kim Heng Offshore & Marine Holdings in connection with matters relating to the joint venture in Malaysia with RUHM Bridgewater Offshore Sdn Bhd.
     

  • Advised HESS Exploration and Production Malaysia on its sale and bareboat charter-back arrangement with MISC Berhad in respect of the floating, storage and offloading facility (FSO) known as FSO Mekar Bergading which resulted in MISC acquiring ownership of the FSO from HESS in a deal with a reported contract value of USD441 million (RM1.78 billion).
     

  • Advised on the sale of five offshore support vessels from a foreign shipyard to a domestic oil and gas service provider.
     

  • Advised on the establishment, operating structure, flagging, licensing and operational structure for FPSO leasing into Malaysia via Labuan

  • Acted for KOSDAQ-listed Simmtech Holdings Co Ltd. in its green field construction of its first large-scale factory in Southeast Asia.
     

  • Advised Elpis Sp. z o.o. in its development of an oxy-alkylates production facility in Kertih.
     

  • Advised Versalis, a subsidiary of ENI, which entered into a joint venture with a PETRONAS subsidiary, the Petronas Refinery and Petrochemical Corporation, for the development of an Elastomer Plant within the proposed Refinery and Petrochemical Integrated Development (RAPID) complex in Pengerang, Johor. Under the agreement the JV company will use Versalis’ technology licence and technical know-how to produce and market synthetic rubbers from four separate elastomer plants, it proposes to build within RAPID.
     

  • Advised Itochu Corporation, in a joint venture with a PETRONAS subsidiary, for the development of petrochemical plant within the proposed RAPID complex in Pengerang, Johor.

Qualifications:
  • Advocate and Solicitor, High Court of Malaya (2008)
  • Barrister-at-Law (Lincoln’s Inn) (2007)
  • LL.B (Hons), King’s College London (2006) 
Professional Affiliations:
  • Member, Honourable Society of Lincolns Inn
  • Member, Association of International Petroleum Negotiators (AIPN)

Authored the following articles:
  • Adjunct Lecturer for Universiti Teknologi Petronas (2019-2023)
  • Speaker, AIEN’s International Energy Summit 2024, Bangkok 
  • Panellist, AIEN’s CCUS Conference, January 2024 Singapore
  • Panellist and Presenter on Financing, Contracting and Best Practice Approaches to Decommissioning Planning” at SPE’s Virtual Symposium: Decommissioning and Abandonment, 1st December 2021
  • Co-Author, Malaysian Chapter of the Energy Regulation and Markets Review (8th Edition) (2020)
  • Co-Author, Decommissioning Framework in Malaysia, Lexology Dec 2019
  • Co-Author, Malaysian Chapter of the Energy Regulation and Markets Review (6th Edition) (2018)
  • Author, Malaysian Chapter of The Oil & Gas Review (4th Edition) (2016)
  • Co-Author, Malaysian Chapter of The Mergers & Acquisitions Review 2014 (8th Edition)
  • Author, Malaysian Chapter of The International Comparative Legal Guide to: Oil & Gas Regulation 2014 (9th Edition)

  • Ranked Band 2 in Projects, Infrastructure & Energy, and Band 3 in Corporate M&A by Chambers Asia Pacific 2024 – 2026
  • Named as ‘Distinguished Practitioner’ in Corporate M&A and Energy by asialaw 2024
  • Ranked Band 2 in Projects, Infrastructure & Energy, and Band 4 in Corporate M&A by Chambers Asia Pacific 2023
  • Named as ‘Notable Practitioner’ in Energy by asialaw 2022 – 2023  
  • Listed as a Recommended Expert under Energy by Who’s Who Legal (WWL) 2023.
  • Listed as “Highly Regarded” in Corporate M&A by IFLR 1000 2022 – 2024
  • Named as “Leading Individuals” in Corporate M&A, and Projects & Energy by Legal 500 Asia-Pacific 2020 - 2026
  • Ranked Band 2 in Projects, Infrastructure & Energy, and Band 4 in Corporate M&A by Chambers Asia Pacific 2022.
  • Lawyer of the Year at the 2021 asialaw Client Choice Awards.
  • Named as the “Lawyer of the Year: Malaysia (Client Service Award) at the asialaw Awards 2020.
  • Listed as “Up and Coming” in Projects, Infrastructure & Energy, and Corporate M&A by Chambers Asia Pacific 2020 – 2021.
  • Listed as “Notable Practitioner” for Corporate M&A by IFLR 1000 2019 – 2021
  • Listed as Top 100 lawyers in Malaysia, ALB
  • “The team lead by Fariz is remarkable. Their advice is clear and well-structured but they also take time to make commercial suggestions that would work under Malaysian law. Fariz Bin Abdul Aziz is super responsive and takes an active role in keeping me updated on changes to legislation that might affect our business. He gives clear advice and is excellent on conference calls.” – Legal 500 Asia Pacific 2026
  • Fariz Abdul Aziz is very effective in supporting the client's needs. He provides on-point and direct advice. He is client-focused and communicates with clarity, ensuring that advice is both actionable and aligned with our strategic goals.” – Chambers Asia-Pacific 2026
  • “Fariz Abdul Aziz is an exceptional partner, well versed in the complex oil and gas industry.” - Legal 500 Asia Pacific 2025
  • “Fariz Abdul Aziz is exceptional and brings with him not just the legal expertise but also the commercial acumen. - Legal 500 Asia Pacific 2024
  • Fariz is recognised for delivering high-quality legal services. His attention to detail, thorough understanding of complex legal issues and dedication to his clients' needs are factors contributing to the superior level of service he provides.” - Chambers Asia Pacific 2024
  • Fariz has excellent analytical skills and always gives well-reasoned arguments and solutions for complicated matters. He is well versed in the oil and gas industry and always provides creative solutions for clients.” - Chambers Asia Pacific 2024
  • Fariz Abdul Aziz is an expert in his field, knowing how to mitigate legal issues not only from a purely legalistic manner but taking commercial aspects into consideration.” - Legal 500 Asia Pacific 2023
  • “An in-depth knowledge of the subject, familiarity with oil and gas as a business. An excellent communicator.” – asialaw 2023
  •  “Knowledgeable and experienced. Able to provide workarounds and practical solutions.” – asialaw 2023
  • "Fariz is responsive and attentive to all our queries and concerns. He is also willing to go the extra mile in advising on related matters." - Chambers Asia Pacific 2023
  • "Fariz is very much the top oil and gas lawyer in the market, which is confirmed by the international firms who chose to work with him and his domestic client base. I think very highly of him - he is very diligent and responsive." - Chambers Asia Pacific 2023
  • Deep industry and country knowledge. Provides straight-to-the-point advice. Prepared to offer pragmatic solutions. Always available. Very responsive despite time difference. – asialaw 2022
  • “Fariz was always available for a call/meeting throughout the process and provided good counsel.” - Legal 500 Asia Pacific 2021
  • “Fariz Abdul Aziz consistently provides valuable and significant contributions and also provides excellent service in coordinating any other specialist advice which we need from Skrine during the course of a transaction.” - Legal 500 Asia Pacific 2021
  • “Fariz Aziz is brilliant. He has such wide experience and his advices are extremely clear.” - Legal 500 Asia Pacific 2021
  • “Fariz Aziz is very user friendly, promptly responding to questions, delivering strong country and energy sector knowledge.” - Legal 500 Asia Pacific 2021
  • "it is seamless working with him." - Chambers Asia Pacific 2021
  • Very well known for his oil and gas work – Who’s Who Legal Asia Pacific 2021 (Energy - South East Asia)