973-750-1500 Financial Solutions and Strategies for Environmental Risks
Financial Solutions and Strategies for Environmental Risks

6 Oil Company Liability Buyout/Client Confidential

Oct
23
2013
6 Oil Company Liability Buyout/Client Confidential

Pre-Acquisition Environmental Risk Assessment and Valuation of $120MM Liability

TBLS Group, under a Master Service Agreement, created a reasonable “worst case” environmental liability valuation on behalf of client to be used in negotiations between USEPA and oil refineries considering liability buyout. Valuation was for liability for a town impacted by past releases from 6 oil refineries. , The entire town had been inundated by past spills from refineries and pipelines since the 1970’s. The $120 MM liability valuation involved review of over 70 reports, and countless files of long term operation, maintenance and monitoring. The valuation was substantially completed in less than one month.

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