Deal Insight
BHP acquires Hess' 28% in GoM deepwater Shenzi field for US$505 million
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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
On 5 October 2020, Hess announced an agreement to sell its 28% working interest in the Shenzi field in US GoM to operator BHP. The deal price of US$505 million reflects an asset value of US$1.8 billion, right in line with Woodmac's valuation. The transaction will close in Q4 2020 and will have an effective date of 1 July 2020. With increasing investment in Guyana, Hess' cash flows were finely balanced even before the COVID-19 pandemic. The company already entered a US$1.0 billion ...
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 the following images and tables:
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Executive summary: Table 1Upstream assets: Table 1Deal analysis: Table 1
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Deal analysis: Table 2Deal analysis: Table 3Deal analysis: Table 4Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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