Deal Insight
Anadarko farms-out 12.75% interest in the Heidelberg deepwater project to Marubeni for a carry of US$860 million
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Report summary
Marubeni has acquired a 12.75% stake in the Anadarko-operated Heidelberg field for US$860 million. Heidelberg is a large, subsalt Miocene field located in the southern Green Canyon area of the deepwater Gulf of Mexico. The field was discovered in 2009 and is expected to be sanctioned for development in 2013. First production is expected in mid-2016.We value the deal at US$487 million (NPV10, discounted to April 2013); just over half of the purchase price. There is upside to the 300 mmboe ...
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 7 images and tables including:
- Executive summary: Table 1
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Upsides and risks: Image 1
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
