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
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
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
Asset Report
UK SGB other fields (sub-commercial)
Data on the fields we classify as sub-commercial is available below. Sub-commercial fields contain discovered resources that are ...
$3,100