Xiaogang (Sean) Wang is a partner in Shearman & Sterling's Project Development and Finance practice in China. He focuses on project development/financing and energy M&A transactions, and is recognized by Chambers as a Band 1 lawyer in the energy and infrastructure area.

Sean’s clients include large SOEs including State Grid, Sinopec, PetroChina, Shanghai Electric and Harbin Electric, as well as major financial institutions such as China Development Bank, China Exim Bank, ICBC, Bank of China, China Construction Bank and Bank of Communications.

Sponsors / Acquirers

• PetroChina International in connection with the restructuring of its participating interest in Rumaila, the world’s third largest oil field, opposite BP plc.  This is the largest assets restructure in the oil and gas industry
• PetroChina International in connection with its proposed acquisition of ExxonMobil’s participating interest in the West Qurna 1 oil field, and assuming the lead contractor role thereafter
• PetroChina International in connection with its investment in Arrow, an LNG JV between PetroChina and Shell
• PetroChina International in connection with its proposed investment in an integrated upstream and downstream JV together with Petrobras in Brazil
• PetroChina International in connection with the establishment of its first global R&D center in Dubai, U.A.E.
• State Grid International Development Limited's 24% strategic investment in Independent Power Transmission Operator S.A., the Transmission System Operator in Greece
• Shanghai Electric in its development and financing of a US$4 billion mine mouth greenfield power project (consisting of a 7.8 million ton coal mine and a 660MW IPP) in Thar block, Pakistan
• Kinetic Energy, a HKSE listed company, in its development of a diamond project in Angola
• Bank of Communications Co., Ltd., in its acquisition of Banco BBM S.A. in Brazil, the first overseas acquisition conducted by the bank in its 140 years history
• China Taiping in the development of the tallest residential tower in downtown Manhattan, next to the World Trade Center
• China Machinery Engineering Company in its proposed acquisition of power transmission assets in Turkey

Lenders

• China Exim, China Development Bank, Silk Road Fund and International Finance Corporation in connection with the development and financing of the US$1.69 billion, 720 MW Karot hydropower plant in Pakistan
• ICBC, Bank of China, China Construction Bank and China Agricultural Bank, together with 10+ international and regional lenders in connection with the US$3.4 billion Hassyan Coal-Fired Project in Dubai
• China Development Bank, China Construction Bank, HSBC, Standard Chartered and other commercial lenders in the US$2 billion VT 3 power project in Vietnam, to be developed by China Light and Power
• ICBC, Standard Bank, Africa Development Bank and other commercial lenders in the US$1.7 billion financing of the 930 MW coal-fired power plant in Lamu county, Kenya, to be constructed by Power China

Awards & Accolades

• Recognized by Chambers as a Band 1 lawyer in the energy and infrastructure area