PwC promotes equity partner in the oil & gas team

PwC is continuing to invest in its corporate finance deals team in the UK with the promotion of a new equity partner in the oil & gas team.

Reflecting ongoing investment in PwC’s Aberdeen Centre of Excellence for Oil and Gas and the team’s continuing support of the industry as it responds to opportunities and challenges arising from the low oil price landscape, Jon Shelley has been made an equity partner.

Jon joined as a graduate in 2002 and, over the years, has gained extensive insight into the international deals market and the oil and gas industry. As firms continue to adapt to a changing environment, he is providing support as they refocus their strategy and market approach: from insight into how well planned and executed merger and acquisition activity now and in the future can both protect and create value to helping access different forms of capital available to support this activity.

Jon Shelley, corporate finance partner, PwC’s oil and gas team, commented:

“The decline in oil price has presented almost unprecedented challenges and opportunities for our clients across the sector. Let’s not kid ourselves - it’s very tough out there - but times of rapid change are typically times when big winners and unfortunately big losers emerge.

“As the industry adapts to oil price conditions there will be a need to refocus both strategy and market approach accordingly. Businesses will need to be flexible and nimble in order to respond to and realise opportunities as they arise.

“We are finding that firms are looking for advisers who have a breadth and depth specialist skills, industry knowledge and practical experience, as well as links to a strong global oil and gas industry network. I am delighted to lead our team and support our clients through this transformational period.