From Irrelevance to Strategic Asset – The Astonishing Comeback of Offshore Oil & Gas

Three years ago the offshore oil & gas sector was considered obsolete in a world moving towards renewable energy. investors priced drilling rigs and offshore service vessels as if extinction was at hand. The recovery from COVID and energy security concerns after decades of calm have turned those views on their head .

Today, an industry which has which has undergone massive capacity cuts finds itself in a position where its fleets cannot be deployed quickly enough to accelerate production in the North Sea, the Arabian Gulf, Brazil, West Africa and the Gulf of Mexico.

In this webinar Steffen Dietel and George Yacoub Nadda, co-Managers of the Altana Distressed Opportunities Fund, discuss: 

• Why exposure to the sector is a crucial hedge against inflation and rising yields

• How the fund is reaping the benefits from restructurings in offshore drillers and offshore vessel companies

• Their approach to navigating heightened macro risks and evaluating new opportunities

• Why this remains such a compelling opportunity with a two to three times return expectation over the next 18-24 months