GBS Finance acted as exclusive financial advisor to Orion Energy Singapore, the fourth-largest independent oil operator in Ecuador, on the 100% sale of its interests in oil blocks 52 and 54 to Sagittarius Energy.
The transaction, valued at an enterprise value of 72.5 million dollars, involves the exit of Clermont Group (80%) and Altima Partners (20%), shareholders of Orion Energy Singapore. The assets involved in the transaction have a daily production of approximately 5,000 barrels of oil.
Sagittarius Energy is a special purpose vehicle (SPV) established by Nikoil Energy and Feniix for this acquisition.
This transaction strengthens GBS Finance’s position as a leading advisor in cross-border transactions in the Latin American energy sector.
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