Deal Insight

BP divest its 18.36% interest in Draugen to Shell for US$240 million

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On 13 September 2012, Shell announced the acquisition of BP's 18.36% share in the Draugen oil field in Norway, for a consideration of US$240 million. Shell, which already operates the field, increased its share to 44.56%. Gross production from Draugen is approximately 7,000 barrels per day. The Garn West and Rogn South fields are tied into the facilities, and the Linnorm field is planned to be tied back, starting in 2018. Linnorm is also Shell-operated, which supports its motivation ...

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
    • Shell
    • BP
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 6 images and tables including:

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil & gas pricing and assumptions: Table 1

What's included

This report contains:

  • Document

    BP divest its 18.36% interest in Draugen to Shell for US$240 million

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