Deal Insight
BHP acquires Hess' 28% in GoM deepwater Shenzi field for US$505 million
*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:
- Executive summary: Table 1
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Deal analysis: Table 4
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
Other reports you may be interested in
Asset Report
Trion
In August 2012, Trion became the first discovery on the Mexican side of the Perdido Fold Belt area in the deepwater Gulf of Mexico ...
$3,720
Deal Insight
Karoon Energy enters US deepwater with US$720 million deal with LLOG
Karoon Energy diversifies beyond its Brazil-focused business with US Gulf of Mexico entry
$1,650
