(Rigzone, Friday, August 30, 2019) -- Refiner Philadelphia Energy Solutions (PES) has begun the process of soliciting interest for a possible acquisition of the company after filing for Chapter 11 Bankruptcy last month.

According to a company release, PES has begun “a structured process to solicit the level of interest held by a large number of parties that have expressed a desire to potentially acquire PES and/or all of a portion of its assets.”

The company has retained PJT Partners as its investment banker to assist with the process.

PES is also looking at “strategic alternatives” to maximize shareholder value, which includes rebuilding the infrastructure damaged during its refinery fire June 21.

Eastprime Services DMCC

ALMAS-42-A, ALMAS Tower
Plot No: JLT-PH1-A0

Jumeirah Lakes Towers
Dubai
United Arab Emirates

+971 42 41 81 45 

Eastprime Services DMCC

COMPANY IS REGISTERED & LICENSED AS A FREEZONE COMPANY UNDER THE RULES & REGULATIONS OF DMCC

Certificate of registration DMCC83120
License number - DMCC – 287584

License activities:

  • Onshore & Offshore Oil & Gas Fields Services
  • Oil & Natural Gas Exploration Consultancies