Kirk Lovegrove & Company has advised Tailwind Energy on its £644 million combination with Serica Energy. The estimated proforma production in 2023 of the merged Serica-Tailwind group will be 40-45,000 boe/d from 11 producing fields, putting the group into the top 10 UK oil & gas producers.The combined portfolio will have 2P reserves of 106 million boe.
Kirk Lovegrove & Company has advised Savannah Energy on the acquisition of PETRONAS’s entire oil and gas business in South Sudan for a total cash consideration of up to US$1.25 billion.