SLR Support INEOS Acquisition of Dong Oil & Gas
The SLR Oil & Gas Advisory team assisted INEOS’ with their recently announced acquisition of Dong Oil & Gas Business from DONG Energy for a payment of $1.05 billion, plus a contingent payment of $250 million. The acquisition positions INEOS as a top ten company in the North Sea and the biggest privately owned exploration and production business operating in the basin.
The SLR team provided INEOS with advice on reserves and resources and a range of commercial issues. SLR was able to bring valuable insights to the evaluation from extensive knowledge of the UK, Norwegian and Danish upstream oil and gas sectors.