Appointed directors by a group of lenders to restructure and manage the operational and financial affairs of an oil and gas exploration and production company in Indonesia. Our work includes a review of operations and financial position of the company, understanding the company’s short term cash needs, enable a necessary capital injection by the lenders, streamline organisational and overhead costs, restructure and operate viable assets and the sale of non-viable assets. During this process, we conducted the review of the company’s outstanding trade and tax liabilities, established a negotiated solution with the Indonesian tax authorities for historical tax obligations and determined a corporate and tax structure to hold and preserve the value of the viable assets for the lenders. In addition, we drove and facilitated the commencement of production at one of the development assets and our work includes monitoring the construction of a floating, production, storage and offloading unit, evaluate and award of the development drilling contract and monitoring the development drilling and commissioning of first gas/oil.
Oil & Gas
Financial & Operational Restructuring