Deal Insight
Aker BP acquires Hess Norge for US$2 billion: the remarkable growth story continues
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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.
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Valhall
- Hod
- Deal analysis
-
Upsides and risks
- Upside potential
- Downside risk
-
Strategic rationale
- Aker BP
- Hess
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and 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
- Top 10 producers in Norway (excluding Statoil and Petoro)
What's included
This report contains:
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