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8 Pages

Centrica acquires Suncor's interests in Trinidad & Tobago

Centrica acquires Suncor's interests in Trinidad & Tobago

Report summary

Centrica has announced the acquisition of Suncor Energy's Trinidadian portfolio for US$380 million. The majority of the deal value lies in Block NCMA-1, an important gas supplier to the Atlantic LNG plant. The other interests - Blocks 22, 1(a) and 1(b) - hold sizable ‘technical' gas resource, the potential monetisation of which represents a clear long-term upside to our base case valuation.The deal marks Centrica's first material upstream acquisition outside of Europe, ...

What's included?

This report includes 1 file(s)

  • Centrica acquires Suncor's interests in Trinidad & Tobago PDF - 679.65 KB 8 Pages, 6 Tables, 1 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
    • North Coast Marine Area (NCMA-1)
    • Blocks 22, 1(a) and 1(b)
  • Deal analysis
  • Upsides and risks
    • Proving up additional NCMA-1 reserves
    • Finding a commercial gas market for the technical reserves remains a priority
  • Strategic rationale
    • Centrica
    • Suncor
    • Government of T&T
  • 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
    • Suncor's Trinidadian portfolio and Centrica's existing exploration interest, Block 2(ab)
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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