Conyers advises Pacific Exploration & Production Corporation on its US$5.4 billion restructuring

Conyers Dill & Pearman advised Pacific Exploration & Production Corporation, the Canadian oil and gas company with principal operations in Latin America, on the Bermuda aspects of its restructuring, which reduced its overall debt from US$5.4 billion to US$250 million. The transaction was the largest restructuring in Colombian history, and involved bankruptcy proceedings in Colombia, Canada and the United States.

Graham Collis and Angela Atherden from the Bermuda office of Conyers Dill & Pearman worked on the matter.

 

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