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Case Studies

StimWell Services

Summary

Corporate Finance advisers acting on behalf of the shareholder in the start-up of StimWell Services in the negotiation of a major contract with BP Norge worth up to $400million for the provision of well stimulation services in the North Sea and the provision of facilities from Bank of Scotland to support the transaction.

Strategic Development:

  • Development of a high-level strategic plan for Group.
  • Detailed tax planning exercise in order to determine most beneficial tax structure for Group.
  • Preparation of detailed financial projections for the Group.

The Transaction:

  • Assistance in negotiations with BP Norge over $400m well services contract.
  • Assistance in negotiations with Bank of Scotland.
  • Supported negotiations with Island Offshore A/S over long-term charter hire for Island Patriot vessel.

Post Transaction Integration:

  • Assisted management with development of detailed project plan for vessel conversion period.
  • Advised on implementation of Board performance reports.