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Wikborg Rein: Acquisition opportunities in struggling offshore

The Norwegian law firm Wikborg Rein sees good opportunities for acquisitions among crisis-stricken companies as well as assets in the struggling offshore sector. But potential buyers should be aware of the related risks, the law firm notes.

Photo: Statoil

Norway's largest law firm, Wikborg Rein - which has offices in several countries around the world and specializes in shipping and offshore - notes in an update that there are good possibilities for acquisitions for cash-rich investors in the distressed assets in the struggling offshore sector.

The low oil prices have hit stakeholders in the oil and gas industry across the board, as oil companies are making huge cuts in operational costs and investments, and the service companies as well as subcontractors are clinging to the few orders that are still out there in the dry market.

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