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7 Pages

Centrica acquires a portfolio of assets from Total in the UKCS


Centrica acquires a portfolio of assets from Total in the UKCS

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 ...

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  • Centrica acquires a portfolio of assets from Total in the UKCS PDF - 401.27 KB 7 Pages, 6 Tables, 1 Figures

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

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

In this report there are 7 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
  • Upsides and risks
  • Strategic rationale
    • Pre-deal portfolio: Total assets sold were comparitively more mature, with lower remaining value
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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