Deal Insight
BP sells US$1.1 billion of North Sea assets to TAQA
This report is currently unavailable
Report summary
On 28 November 2012, TAQA announced it had acquired BP's share in a package of assets in the UK. The package includes an operated interest in Devenick, Maclure and Harding, along with a non-operated interest in Braemar and the Brae Complex fields. The consideration paid is US$1.058 billion (£661 million). The deal is effective from 1 January 2012. However, the sale of Devenick has an effective date of 1 January 2013. The deal includes future additional payments, which BP ...
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Devenick
- Harding
- Maclure
- Brae Complex
- Braemar
- Deal analysis
-
Upsides and risks
- Upside
- Risks
-
Strategic rationale
- TAQA
- BP
- Oil & gas pricing and assumptions
Tables and charts
This report includes 6 images and tables including:
- Executive summary: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Upstream assets: Table 1
What's included
This report contains:
Other reports you may be interested in
Insight
Global upstream M&A in brief
The global upstream M&A in brief provides the Wood Mackenzie view on all of the key M&A events as they unfold.
$1,350
Insight
Labour's UK tax plan risks wiping out North Sea investment
What are the risks to future investment, development and the upstream industry as a whole as a result of Labour's proposed tax changes?
$1,350
Insight
US upstream week in brief: Q1 2024 archive
The US week in brief highlights the need-to-know current events from US upstream. Stories are supplemented with proprietary Woodmac views.
$1,350
