Middleton Barton Asset Valuation Limited completes complex oil rigs valuation

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In November 2020 MBV delivered a highly complex valuation of several oil exploration rigs located in the Middle East. The project involved the assessment and appraisal of these complex oil industry plant and machinery assets with a combined value in excess of $50m. The valuation was undertaken for a Middle Eastern based bank for loan security purposes.

Neil Duckworth, Consultant at MBV said “We are delighted the team has successfully completed a complex valuation project for a lender client in the Oil and gas Sector – we delivered this project in the short time frames required and with the backdrop off the Covid-19 restriction demonstrates our practical and problem solving approach to such projects”.

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