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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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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 the following images and tables:
- 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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