Remediation Portfolio Environmental Liability Transfer for an Integrated Oil Company

Challenge:     

Antea Group’s major integrated oil company client was divesting its Western Region retail fuel outlet portfolio of 591 properties in 15 states.  As part of this process, they desired to transfer the associated environmental remediation related liabilities to a third party under a guaranteed fixed cost agreement.

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About Antea Group

Antea Group is an international engineering and environmental consulting firm specializing in full-service solutions in the fields of environment, infrastructure, urban planning and water. By combining strategic thinking and multidisciplinary perspectives with technical expertise and pragmatic action, we do more than effectively solve client challenges; we deliver sustainable results for a better future. With more than 3,000 employees in over 100 offices around the world, we serve clients ranging from global energy companies and manufacturers to national governments and local municipalities. Learn more at http://us.anteagroup.com.