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 ...
Table of contents
- 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
Tables and charts
This report includes 9 images and tables including:
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Wood Mackenzie NPV10 sensitivities - gross figures for Valemon and Kvitebjørn
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Centrica - capex and upstream cash flow
- Map
- Upstream assets: Table 2
What's included
This report contains:
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