Taking on new production assets is a big step and can have many implications for operations & production as your portfolio grows. Sword specialises in asset transfers and the support of upstream IT and Information Management, having advised on 14 recent transactions. Here are some operational considerations and learnings we have compiled to help.
Many deals are based on a strategy of ‘lift and shift’, taking as much information as you can and putting into appropriate systems you already have or new ones you’ll need to deploy. This is not as simple as it sounds so don’t be caught out. Once a project scope has been outlined and you are talking with a specialist partner such as Sword, what will transition look like?
Our experience and specialist knowledge of the oil & gas sector helps reduce key operational risk areas during transitions and for on-going services. The key risk areas for transition can be readily mitigated. Read more via the link below about the areas we can deliver results in your asset transition or for more information on Asset Transition and NEO's Acquisition of Quad 15/30 Assets, you can read the full case study here: