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.
INEOS is a leading manufacturer of petrochemicals, specialty chemicals and oil products. Comprising 18 businesses, with a production network spanning 105 manufacturing facilities in 22 countries, it produces more than 60 million tonnes of petrochemicals, 20 million tons per annum of crude oil refined products (fuels) and in 2016 it had sales of around $40bn.
DONG Energy’s Oil & Gas business brings with it a mix of long life and development fields, producing an average of 100,000 barrels of oil per day and 570 million barrels of commercial and potential oil and gas reserves in Denmark, Norway and the UK.