Deal Insight
Apache acquires BP assets in Egypt as part of a wider US$7 billion transaction
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Report summary
BP has moved swiftly to execute the first stage of its recently announced US$10 billion asset disposal programme. The company will raise US$7 billion through three separate transactions, shedding non-core interests in the Permian Basin (onshore US), Western Canada and Egypt.For Apache, this is a compelling deal, representing a rare opportunity to acquire an under-exploited mature asset portfolio of considerable scale. The interests mesh perfectly with its existing operations and play to its ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
-
Strategic rationale
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BP
- 2010 financial position looks much stronger
- Potential for further large-scale disposals
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Apache
- Deal re-balances portfolio towards core strengths
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BP
- Oil & gas pricing and assumptions
Tables and charts
This report includes 4 images and tables including:
- Executive summary: Table 1
- Upstream assets: Table 1
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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