BP sells its Colombian business unit to Ecopetrol and Talisman
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Report summary
BP has agreed the sale of its Colombian E&P business to Ecopetrol and Talisman for a net consideration of US$1,755 million. This price is in-line with our base case valuation of US$1.8 billion. The scope of BP's divestiture programme was recently increased from US$10 billion to US$30 billion, in the face of escalating estimates of the total cost of the Deepwater Horizon disaster. In completing this, and the recently announced US$7 billion Apache transaction, BP will have secured ...
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Midstream assets
- Deal analysis
- Upsides and risks
-
Strategic rationale
- Ecopetrol
- Talisman
- BP
- Oil & gas pricing and assumptions
Tables and charts
This report includes 10 images and tables including:
- Executive summary: Table 1
- Basic deal NPV,10 sensitivities
- Deal NPV sensitivity to Brent oil price and discount rate
- Deal analysis: Table 1
- Deal analysis: Table 2
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- BPXC portfolio transferred to Ecopetrol and Talisman
- Upstream assets: Table 1
- BP portfolio analysis: strategic fit of regions
What's included
This report contains:
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