Insight
Acquisition of Anadarko - Implications for US GoM deepwater
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Chevron surprised many by announcing a proposed acquisition of Anadarko for US$50 billion. But Occidental followed up with a competitive bid for US$57 billion. While Anadarko's Permian position is the clear driver for the bidding war, the US Gulf of Mexico portfolio accounts for 20% of its value. In this insight, we analyse the implications of the acquisition for Chevron's and Oxy's deepwater GoM portfolios. How would Chevron's deepwater GoM strategy change with the acquisition? and would Oxy dive back into the deep end and operate in GoM deepwater?
Table of contents
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Implications for Chevron's deepwater GoM portfolio
- A new leader in town
- Strategic fit
- Knowledge transfer
- Chevron picks up more abandonment liabilities
- Lack of near-term growth opportunities
Tables and charts
This report includes the following images and tables:
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Chevron and Anadarko assetsGoM deepwater five-year abandonment liabilities by companyCombined Chevron and Anadarko net entitlement production
What's included
This report contains:
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