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Lucca Galatro

Loo-ka Gah-La-troalHe/Him
Associate, Campos Mello Advogados (cooperation firm)*
About
Lucca is a corporate lawyer with over 5 years of experience in the energy and offshore sectors, assisting clients on their contractual, regulatory and transactional demands on these sectors. 

He is focused on advising Brazilian and foreign companies in contractual, regulatory and transactional matters regarding the implementation of energy projects, including those involving the sale, distribution and transportation of hydrocarbons, the operation of thermoelectric plants, LNG terminals, FSRUs and FPSOs and the exploration of public and private ports in Brazil.

His experience encompasses advice on industry contracts, including Concessions Agreements, Joint Operating Agreements, Farm-Ins, Farm-Outs, Charter and Services Agreements, Ship-to-Ship Services Agreements, Port Lease Agreements, among others. 

He is a member of The Foundation of Natural Resources and Energy Law and of the International Association of Energy Negotiators (AIEN) and has extensive experience in the interface with regulatory bodies, including the National Agency of Petroleum, Natural Gas and Biofuels – ANP and the National Agency for Waterway Transportation - ANTAQ.

DLA Piper and Campos Mello Advogados (CMA) are separate and independent law firms, which work in cooperation with one another. Partners of DLA Piper are not partners of CMA; and CMA partners are not partners of DLA Piper.

EXPERIENCE

Advised Brazilian power company Eneva S.A. in its acquisition of Porto de Sergipe Power Plant – one of the largest gas-fired thermoelectric plants in operation in Latin America – from New Fortress Energy Inc. and its joint venture partner Ebrasil Energia Ltda. In this transaction, Eneva also acquired the totality of the shares of Centrais Elétricas de Sergipe Participações S.A. – which owns 100% of the equity interests of the Sergipe Power Plant – and Centrais Elétricas Barra dos Coqueiros S.A. – which owns 1.7 GW of expansion rights adjacent to the Porto de Sergipe Power Plant – giving the transaction an implied enterprise value of US$2.16 billion.

Advised Cobra O&G Group, a privately held independent oil and gas company, in the negotiation and acquisition of the Carmópolis Cluster from Petróleo Brasileiro S.A. - Petrobras. At the time of signing of the transaction documents, the US$1.1 billion sale price the largest deal in the history of Brazilian onshore oil and gas exploration and production assets. The Carmópolis Cluster, a set of 11 concessions of onshore production fields with integrated facilities, is located in the state of Sergipe.

Advised 3R Petroleum, a privately held independent oil and gas company, in the negotiation and acquisition of the Potiguar Cluster from Petróleo Brasileiro S.A. - Petrobras. The US$1.3 billion sale price is the largest deal in the history of Brazilian onshore oil and gas exploration and production assets.

Advised Karoon Energy on a US$340 million financing transaction to finance its operations and acquisition of participation interest in offshore E&P fields in the Gulf of Mexico. 

Advised Enauta on the acquisition of 100% of Petrobras’ participation interest in the Uruguá and Tambaú oil and gas fields’ concession, along with the associated gas gathering pipelines infrastructure. The transaction has a firm value of US$10 million, with a contingent payment of up to US$25 million based on events related to the assets development and future oil prices. Notably, Enauta assumed the fields’ decommissioning obligations, granting the transaction an implied value of over US$ 1 billion.

Advised Enauta on the acquisition of FPSO Cidade de Santos MV20, employed in the Uruguá and Tambaú Fields, from MODEC. The transaction had a total amount of US$ 48,5 million and was conducted alongside Enauta’s acquisition of 100% of the participation interest detained by Petrobras in the Uruguá and Tambaú Fields.

Assistance to Cobra O&G Group on the financing in connection with the acquisition from Petrobras of Carmópolis Cluster, the second-largest acquisition ever of onshore Oil and Gas assets in Brazil. Assistance to Cobra in the due diligence for the financiers and in the negotiation and analysis of a crude oil purchase agreement and guarantee documents.

Advised an investment fund on the potential investment into a green-field project involving the structuring and operation of integrated railway and private port in the Brazil’s Northeast Region. The work included the performance of a legal due diligence on the project and advice on the applicable regulatory framework.

Assisted a private port on contractual negotiations with IOCs and a Brazilian NOC for Ship-to-Ship operations in a private port.

Advised a Brazilian Oil and Gas Company on the regulatory framework applicable to the gas sector, specifically with regards to the unbundling of the new gas market and the requirements for the obtainment of authorizations for the construction of gas pipelines in Brazil.

Advised an Karoon Energy on the negotiation of an Emissions Reduction Purchase Agreement in the amount of US$ 4.8 Million to purchase 340,000 verified carbon units from a REDD+ forest conservation project located in the Amazon region, as well as in the due diligence of the project. 

Assistance to an International power development and investment company on a possible M&A transaction encompassing the purchase of participation in power generation greenfield projects.

Assistance to an international oil and gas company on a possible M&A transaction encompassing 10 photovoltaic energy generation plants.
Languages
  • English
  • Portuguese
Education
  • Post-Graduate Degree, Economics and Regulatory Law, Pontifical Catholic University of Rio de Janeiro (PUC-Rio), 2022

  • L.L.B., Pontifical Catholic University of Rio de Janeiro (PUC-Rio), 2020

Publications and media

  • Trends and Developments, Brazil Energy: Oil & Gas, Chambers and Partners, 2022
  • Enevas acquisition of Porto de Sergipe power plant, Global Legal Chronicle
  • Grupo Cobra compra Polo Carmópolis da Petrobras, LexLatin, 2022

Media Mentions

PriorExperience

Prior to joining Campos Mello Advogados in cooperation with DLA Piper, Lucca has worked in the corporate and securities practice of an international law firm from 2019 to 2021. From 2018 to 2019, Lucca worked in the Infrastructure and Project Finance practice of a top tier Brazil-based law firm. Lucca has also acted as a legal secondee in the legal and regulatory department of an international oil and gas company from 2023 to 2024.

Memberships and Affiliations

  • The Foundation of Natural Resources and Energy Law

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