Petrex Developments are working on behalf of an undisclosed International Operator and new client providing Due Diligence capabilities for potential M&A in the North Sea.
With the increase in Oil & Gas assets currently on the market we have seen several Operators looking to gain acreage whether it is to acquire existing discoveries or to farm into exploration prospects. Interesting to see some Operators are talking about the sale of certain assets whilst potentially retaining the decommissioning liability.
This could turn out to be one of the greatest financial incentives offered in recent years. Petrex Developments are assisting this undisclosed International Operator challenge costs and create further value to their business.