Derek S. Flaman

Derek S. Flaman

Partner at Torys LLP
(403) 776-3759
(403) 776-3800
525 8th Ave SW, Fl 46, Eighth Ave Pl E, Calgary, AB
Year called to bar: 1996 (ON); 1996 (AB)
Derek practises commercial law in the energy sector, with an emphasis on M&A, joint ventures and project development in the energy and infrastructure industry. He works closely with clients spanning the sector, including E&P companies, midstream and downstream companies, and private equity funds on transactions involving the acquisition and divesture, joint venturing, and equity financing of energy and infrastructure assets and companies, as well as the marketing of energy and energy-related products.
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Deal represents largest energy-related Indigenous economic partnership in North America
Calgary’s leading oil and gas lawyers in 2021
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On July 18, 2016, Cheung Kong Infrastructure Holdings Limited (CKI), a Hong Kong-based global infrastructure company that holds diversified investments in energy infrastructure, transportation infrastructure, water infrastructure, waste management, and waste-to-energy and infrastructure-related business, and Power Assets Holdings Limited (PAH), a Hong Kong-based global investor in power and utility-related businesses with investments in electricity generation, transmission and distribution, renewable energy, and energy from waste and gas distribution, completed their $1.7-billion acquisition of 65-per-cent indirect ownership interest in select heavy oil pipeline and storage assets from Husky Energy (Husky) in Alberta and Saskatchewan, and related joint-venture, financing and commercial arrangements.
On March 31, 2015, Encana Corporation, and its affiliate, Cutbank Ridge Partnership (CRP), a partnership between Encana and a subsidiary of Mitsubishi Corporation, completed the sale of natural gas gathering and compression assets supporting development in the Montney area of northeastern British Columbia to Veresen Midstream Limited Partnership, 50/50 limited partnership of Veresen Inc. and affiliates of Kohlberg Kravis Roberts & Co. L.P. The aggregate purchase price of the acquisition was approximately $760 million.