Deal Insight
BP sells Wytch Farm to Perenco for up to US$610 million
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
BP has announced the sale of its UK interests in the Wytch Farm, Kimmeridge, Wareham and Beacon fields to Perenco. Perenco has paid an initial consideration of US$500 million, with US$55 million payable on completion of the deal. A further US$55 million cash payment is contingent on the future development of the Beacon field and oil prices until 2013. The partners in the two Wytch Farm offshore licences, PL089 and PL534, hold pre-emption rights. Our base case valuation of US$449 million ...
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 the following images and tables:
- Executive summary: Table 1
- Upstream assets: Table 1
- Wood Mackenzie forecast of annual production and spend at Wytch Farm (net to Perenco at 67.81%)
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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