Deal insight

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

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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

This report contains

  • Document

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

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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 9 images and tables including:

Images

  • Wood Mackenzie NPV10 sensitivities - gross figures for Valemon and Kvitebjørn
  • Centrica - capex and upstream cash flow
  • Map

Tables

  • Upstream assets: 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 2

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