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9 Pages

Centrica acquires asset package from Statoil in Norway's Heimdal Area

Centrica acquires asset package from Statoil in Norway's Heimdal Area

Report summary

Centrica has acquired part of Statoil's interests in the Norwegian Kvitebjørn, Heimdal and Valemon fields, its full interests in the Skirne-Byggve and Vale fields, plus five technical discoveries. All of the transferred assets are located in Centrica's existing core Heimdal area. The consideration is US$1,625 million, of which US$100 million is contingent on future production performance from Kvitebjørn. We value the assets at US$1,133 million (NPV10, discounted to 1 ...

What's included?

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  • Centrica acquires asset package from Statoil in Norway's Heimdal Area PDF - 925.48 KB 9 Pages, 6 Tables, 3 Figures


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
    • Kvitebjørn
    • Heimdal
    • Valemon
    • Skirne & Byggve
    • Vale
    • Technical assets
      • Fulla
      • Øst Frigg Gamma/Delta
      • Rind/Lille Frøy
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
    • Statoil
    • Centrica
  • Oil & gas pricing and assumptions

In this report there are 9 tables or charts, including:

  • Executive summary
  • Transaction details
  • Upstream assets
    • Upstream assets: Table 1
    • Map
    • Upstream assets: Table 2
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
  • Upsides and risks
    • Wood Mackenzie NPV10 sensitivities - gross figures for Valemon and Kvitebjørn
  • Strategic rationale
    • Centrica - capex and upstream cash flow
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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