Deal insight

Aker BP acquires Hess Norge for US$2 billion: the remarkable growth story continues

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Report summary

In October 2017 Aker BP announced its acquisition of Hess Norge's upstream business for US$2 billion. The deal includes stakes in Valhall and Hod and a tax loss carry forward of US$1.5 billion. It continues what has been a remarkable growth story. This is the Norwegian independent's fifth corporate acquisition in the last three years and it is now the fourth highest producer on the NCS. But ultimately this is an excellent deal for Hess which has reduced its outgoings and would not have been able to fully utilise its tax loss position as quickly as Aker BP.

What's included

This report contains

  • Document

    Aker BP acquires Hess Norge for US$2 billion: the remarkable growth story continues

    PDF 325.63 KB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 8 images and tables including:

Images

  • Top 10 producers in Norway (excluding Statoil and Petoro)

Tables

  • Executive summary: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Upstream assets: Table 1

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