Insight
Brace yourself for a new wave of Nigerian M&A
Report summary
There was recent excitement after reports that ExxonMobil will divest upstream assets in Nigeria, Chad and Equatorial Guinea This is part of its global plan to divest US$15 billion of assets by 2021. In Nigeria, this could include its portfolio of undeveloped fields across the JV. These are small to medium-sized fields that the company is unlikely to develop due to marginal economics and/or a shortage of partner funding. But these are not the only majors likely to be selling in 2019. Nigeria has more M&A to offer, with further divestments from the Shell JV portfolio likely on the back of 20 year licence renewals which are due in June, and Chevron could also be an active seller. We assess the opportunities as well as who might be the likely buyers.
Table of contents
-
Who's selling?
- IOC portfolio rationalisation rather than exits
-
Who's buying?
- Indigenous players in need of funding support
- But where's the money coming from?
- Are there opportunities for foreign E&P companies?
- Conclusion
Tables and charts
This report includes 1 images and tables including:
- IOC RemPV10 in Nigeria and share of global value
What's included
This report contains:
Other reports you may be interested in
20 December 2017
Cobalt agrees US$500 million settlement with Sonangol
Inform
Cobalt agrees US$500 million settlement with Sonangol
Cobalt has agreed a US$500 million settlement to its long-running dispute with Sonangol over Blocks 20 and 21 in Angola.
$1,25010 June 2016
CBT Spotlight: Production growth shrinking
Company Report
CBT Spotlight: Production growth shrinking
We take a look at our 5-year production outlook under our Q2 2016 dataset.
$2,05014 December 2017
Things we learned at Shell's 2017 Management Day
Insight
Things we learned at Shell's 2017 Management Day
Now that the dust has settled, we explore some of the (other) key messages…
$1,350
Trusted by leading organisations
