Wendell Maddrey

Retired Partner of Counsel, New York


Wendell Maddrey’s practice focuses on oil and gas, project development and the representation of sovereign states and state-owned enterprises. He has worked on cross-border transactions involving over 50 countries.


Wendell Maddrey brings significant experience in international corporate and financial transactions to his clients. Wendell regularly advises leading industry participants, including Saudi Arabian Oil Company (Saudi Aramco), Hess Corporation, Occidental Petroleum, Qatar Petroleum and Pertamina (the Indonesian national oil company), on their most significant projects. He has lead transactional teams on the successful development and financing of numerous large-scale refinery, petrochemical and LNG facilities. He also provides guidance on a range of compliance and regulatory issues affecting oil and gas companies. Wendell is a former head of the Firm's Sovereigns Practice. He represents sovereign countries and state-owned entities in the rescheduling of official and commercial debt, as well as the financing for transactions and infrastructure projects. He has offered his insight and perspective to pioneering and emerging states in Africa, Asia, Europe, and South America. He has also counseled creditors regarding the rescheduling of the sovereign debt of Belize and Grenada, and the restructuring of commercial debt owed by private sector borrowers in Southeast Asia and Latin America. In the project development arena, Wendell acts on behalf of sponsors, lenders, sovereign governments and state-owned companies. These transactions commonly center on privatizations, strategic stake sales, concession arrangements and public-private partnerships. Wendell was the Executive Partner of the White & Case office in Jakarta, Indonesia for three years. He has been based in the Firm's Stockholm and Washington, DC offices and has spent considerable time on the ground in the Middle East over a 20-year period. He also served for a number of years as the partner in charge of lawyer assignments to the Firm's international offices.
Bars and Courts
New York State Bar
University of Virginia School of Law
University of North Carolina


Oil and gas transactions:

US petrochemical development, 2011–ongoing
Wendell is assisting various international investors regarding proposed development of petrochemical facilities in the US Gulf Coast.

Upstream concession arrangements, 2008–ongoing
Representing the Saudi Arabian Ministry of Petroleum and Saudi Aramco, Wendell helped to structure a series of competitively bid upstream natural gas development projects, and provides ongoing advice on related joint venture arrangements.

Export refinery development, 2006–2012
Wendell represented Saudi Aramco in the development of two grassroots export refineries located in Yanbu and Jubail, Saudi Arabia, each with a capacity of 400,000 barrels per day. These refineries required the negotiation of a range of joint venture agreements and project documents, including complex product marketing and off take arrangements.

US$20 billion integrated chemicals complex, 2007–2011
Wendell advised Saudi Aramco on the development of the US$20 billion world-scale integrated chemicals complex to be built and operated by Sadara Chemical Company, a joint venture between Saudi Aramco and Dow Chemical Company.

Grassroots refinery development, 2008–2009
Wendell represented Occidental Petroleum and Qatar Petroleum with their potential development of a grassroots oil refinery in Panama.

Project development and project financing:

Satellite Projects, 2002–2014
Acting for US Ex-Im Bank, Wendell advised on the financing for satellites purchased by operators based in Malaysia, Spain, Thailand and the UK.

University development and endowment
Wendell has assisted the King Abdullah University of Science and Technology (Kaust) with its structuring, development and operations, including ongoing advice relating to the management of its endowment.

Debt for nature swaps
Working on a pro bono basis, Wendell has assisted The Nature Conservancy, Conservation International, World Wildlife Fund and other environmental groups on "debt for nature" swaps in Costa Rica, Indonesia and other countries.

International debt restructuring:

US$3.2 billion debt restructuring, 2004–2006
Wendell acted for lender US Ex-Im Bank to reschedule approximately US$3.2 billion debt owed by Thai Petrochemical Industry pcl.