Deal Insight
BP acquires Total's share in the Norwegian Valhall and Hod fields; Hess pre-empts for a 50% share of the deal
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Report summary
BP has announced the acquisition of Total's stake in the Valhall (15.7%) and Hod (25%) fields for a consideration of US$991 million. Both fields are currently operated by BP; through the deal, the company will increase its interests to 43.8% and 50% respectively. Valhall - the key asset in the deal - is a large oil and associated gas field, located in the southern part of the Norwegian North Sea. This mature asset is currently in the latter stages of a major redevelopment project ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
-
Upsides and risks
- Upside economics
-
Strategic rationale
- BP
- Total
- Oil & gas pricing and assumptions
Tables and charts
This report includes 8 images and tables including:
- Executive summary: Table 1
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- NPV sensitivity to upside development cost scenarios, under a range of oil price assumptions and discount rates
- Production required in order to increase total recovery to 50% by 2050
What's included
This report contains:
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