- Focus on low risk exploration: underexploited proven reserves across prolific basins
- Geographical focus: economies of scale, lowers cost and synergies from regional footprint
- Cost control and discipline to complete the business cycle creating value at each stage
- Prioritize the use of lift-for-purpose technology to improve efficiency and create value
- Partner with top local teams of professionals preferably operating the assets, capable of getting things done in time, utilizing modern methodologies and technology, seeking efficiencies on conventional oil
- Align management and investor interest through ownership structure and performance based compensation
- Build a lean organization with emphasis on managing the operations and expanding regional footprint
- Develop key relationships with local communities, government agencies to become the “partner of choice”
- Target selectively low-risk exploration opportunities and partner with their management
- Identify local opportunities to generate revenues locally from Natural Gas production (Colombia, Mexico)
LatAm O+G Facts
Deal number: 2 to 4
Ticket size: $30mm to 250mm
Target: Brownfield (Low Risk E&P)
Equity: 10 to 60%
Role: Operator / Co-investor
Investment term: 3 to 7 yrs.
Target rate: +25% IRR
Preferred rate: 8%
Strategy: Buyout/Growth Cap
Investment min: USD$ 1mm