Deal insight

BP sells US$1.1 billion of North Sea assets to TAQA

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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 ...

What's included

This report contains

  • Document

    BP sells US$1.1 billion of North Sea assets to TAQA

    PDF 362.27 KB

Table of contents

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

Tables and charts

This report includes 6 images and tables including:

Tables

  • 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

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