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6 Pages

Shell exits the Wheatstone LNG project for US$1.135 billion

Shell exits the Wheatstone LNG project for US$1.135 billion

Report summary

Shell has announced that it will sell its 6.4% stake in the Wheatstone LNG project and its 8% stake in the upstream development of the Wheatstone and Iago fields to Kuwait Foreign Petroleum Exploration Company (KUFPEC) for a cash consideration of US$1,135 million. Our base case valuation of the deal is US$1,214 million (NPV10, discounted from an assumed effective date of January 2014). Wheatstone is a two-train 8.9 mmtpa LNG project that will be supplied by the Chevron-operated ...

What's included?

This report includes 1 file(s)

  • Shell exits the Wheatstone LNG project for US$1.135 billion PDF - 1.01 MB 6 Pages, 5 Tables, 1 Figures


The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Strategic rationale
    • Shell
    • KUFPEC
  • Oil & gas pricing and assumptions
    • Production
    • Discount rate and date
    • Inflation
    • Oil price
    • LNG price
    • Abandonment costs

In this report there are 6 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Wheatstone Project, WA
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Strategic rationale
  • Oil & gas pricing and assumptions
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