A Review of the Nigerian Energy Industry

US firm, Endeavour, ready to restructure

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08 October 2014, News Wires – US independent Endeavour International has signed on Opportune consultants to help with the company’s restructuring process.

Opportune managing partner David Baggett was signed on as chief restructuring officer of Endeavour to assist the company in its financial restructuring process.

The company has suffered a number of setbacks, with delays, shut-ins and higher costs hitting the company’s bottom line.

Problems at the Nexen Petroleum-operated Rochelle field in the UK North Sea have hurt the company.

– Upstream

 

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