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

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21 November 2011

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 ...

Table of contents

  • Executive summary
  • Transaction details
    • Kvitebjørn
    • Heimdal
    • Valemon
    • Skirne & Byggve
    • Vale
    • Technical assets
      • Fulla
      • Øst Frigg Gamma/Delta
      • Rind/Lille Frøy
  • Deal analysis
  • Upsides and risks
    • 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:

  • Document

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

    PDF 925.48 KB

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