Oil and gas company Byron Energy has entered into an agreement to fund the construction of its production platform at SM58 located in the U.S. Gulf of Mexico.
Byron said on Wednesday it had signed a binding secured promissory note with Crimson Midstream, a portfolio company of The Carlyle Group, to borrow an initial amount of $15 million.
The first tranche of $10 million under promissory note facility has been drawn by the Byron group.
The company said that funds from the promissory note would be used primarily for…
View entirety: Offshore Energy Today