Deal Insight

Centrica acquires a portfolio of assets from Total in the UKCS

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Report summary

Centrica has acquired Total's share in a package of assets in the UK including Alba, Greater Armada Area, Everest, Monan, Mungo, the ETAP Central Processing Facility (CPF) and the Central Area Transmission System (CATS) for a consideration of US$388 million (£246 million). This includes around US$78 million (£49 million) of historical tax allowances.Centrica has been an active acquirer of assets in the North Sea in recent months, and this latest deal shows the company has ...

What's included

This report contains

  • Document

    Centrica acquires a portfolio of assets from Total in the UKCS

    PDF 401.27 KB

Table of contents

  • Executive summary
  • Transaction details
    • Greater Armada Area
    • Everest
    • Central Area Transmission System (CATS)
    • Alba
    • Mungo, Monan and the ETAP Central Processing Facility
  • Deal analysis
    • Upside
    • Risks
    • Centrica
    • Total
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 7 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

Images

  • Pre-deal portfolio: Total assets sold were comparitively more mature, with lower remaining value

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