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The KPMG Global Energy Institute is pleased to announce the release of a new white paper: The biggest risks in oil & gas acquisitions? Check the IT department.
As turmoil in the oil and gas business continues to fuel M&A activity, I thought you might appreciate our new article on how leading investors are avoiding unexpected risks and expenses as they acquire carve-out assets.
Big, unpleasant surprises can lurk in the IT department. Acquirers typically need to stand up new IT systems quickly, for example, or continue to pay for IT services under costly transition services agreements. In the extreme, shortcomings can prevent timely payments to stakeholders, sparking litigation.
We’re using our industry experience and proprietary tools to help clients understand and manage these and other hidden risks before they take the plunge into oil and gas or expand in the sector. Feel free to connect with us directly to discuss our insights about how to assess critical IT systems before making an offer, prepare for Day 1, and stand up or transition systems after a deal is signed.
Micky Houston
Principal, Energy M&A
Services
KPMG in the U.S.
Kim Sorensen
Managing Director and
Energy CIO
Advisory Leader
KPMG in the U.S.
Regina Mayor
Global Head of Energy
KPMG International
Patrick Cresap
Director, Energy
M&A Services
KPMG in the U.S.
Craig Cafarelli
Director, Energy
M&A Services
KPMG in the U.S.
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