The importance of restructuring — The results will amaze you

  • June 2020: Energean restructured the deal to acquire Edison assets by dropping the Algerian and Norwegian assets from the deal and adding a contingent payment of up to USD100m based on prices
  • May 2020: Santos revised its deal to acquire ConocoPhillips Australia assets and increased the contingent payment to USD200m from USD75m by reducing upfront consideration
  • April 2020: Hilcorp renegotiated terms of the deal with BP to change the structure and earnout arrangements
  • April 2020: Total’s acquisition of Tullow Uganda assets includes a contingent payment of USD75m at the final investment decision (FID) and additional unspecified contingent payments triggered when Brent prices are above USD62/bbl
  • July 2020: Premier Oil dropped acquisition of a further stake in the Tolmount project from Dana Petroleum
  • May 2020: Total discontinued acquisition of Occidental Petroleum’s assets in Ghana
  • May 2020: Neptune Energy terminated the agreement to acquire Edison E&P’s UK and Norwegian subsidiaries from Energean



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Acuity Knowledge Partners

Acuity Knowledge Partners

We write about financial industry trends, the impact of regulatory changes and opinions on industry inflection points.