Deal Insight
BP takes more Tangguh LNG (Indonesia) in US$305m Repsol deal
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Repsol has sold its 3.06% stake in the Tangguh Joint Venture to BP for US$305 million. We value the deal at US$363 million (NPV10, December 2016 effective date, US$70/bbl long-term). This represents a 19% premium on the price paid. Our valuation is highly sensitive to oil price variations, falling to US$244 million under a low oil price scenario but rising to US$482 million under a high oil price scenario.
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
- 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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