Deal Insight
BP and ConocoPhillips seal asset swap
Report summary
BP and ConocoPhillips have announced two deals that effectively amount to a trans-Atlantic asset swap. BP will buy a 16.5% in Clair (UK) from ConocoPhillips, bumping its stake to 45.1%. The US super-independent will buy BP's entire 39.2% stake in the Greater Kuparuk Area (Alaska), giving it 94.5%.The deal is structured as two separate transactions, the terms of which are undisclosed, but expected to be cash neutral for both companies. We value both sides of the deal at US$2.2 billion ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes 7 images and tables including:
- Production, capex and cash flow outlook: 1) 16.5% in Clair; 2) 39.2% in Kuparuk
- Upstream assets: Table 1
- Upstream assets: Table 2
- Deal analysis: Table 1
- Deal analysis: Table 2
- 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
ETAP (BP)
The Eastern Trough Area Project (ETAP) was established to develop several oil and gas accumulations which were unlikely to prove ...
$4,400
Asset Report
UK CNS decommissioned fields
This analysis covers decommissioned fields in the Central North Sea. Argyll AreaThe Argyll, Duncan and Innes fields were developed ...
$3,100
Asset Report
Finlaggan
The Finlaggan gas/condensate field lies in the Central North Sea, around 15 kilometres south of Britannia. ConocoPhillips discovered ...
$3,100
