Asset Type

Enovation will target assets which typically represent an unresolved challenge to their current owners or are seen as no longer strategically appropriate.

These may include but not necessarily be limited to:

• Depleting reservoirs where abandonment costs or relinquishment are expected soon
  
  
• Stalled discoveries deemed to be marginal or un-commercial
  
  
• Exploration prospects that are deemed to be too high risk to meet their owners priority selection criteria or are simply difficult to see

The company will initially focus on the US waters of the Gulf of Mexico, the North Sea and specific areas within Asia Pacific as it believes these arenas are rich in these types of assets. In addition, the extensive production and infrastructure facilities in these regions allows for a lower risk and more cost effective exploitation of these opportunities.

For details see Assets