Deal Insight
Deepwater GoM remains afloat: Mitsui acquires 20% interest in Kaikias from Shell
Report summary
Mitsui & Co is buying a 20% stake in the Kaikias and Circius assets from Shell for an undisclosed sum. Kaikias will be Mitsui's sole asset in the deepwater Gulf of Mexico. Shell maintains an 80% interest and operatorship of both assets. Kaikias is a medium-sized, Subsalt Miocene oil field located near Shell's Mars and Ursa projects. We estimate reserves at 147 mmboe and a point-forward Brent breakeven of US$37/bbl, (NPV10). The project will be developed as a subsea tie-back with final investment decision (FID) expected in 2017 and first oil in 2019. Circius is an undrilled prospect in a neighbouring block.
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 6 images and tables including:
- Executive summary: Table 1
- 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
What's included
This report contains:
Other reports you may be interested in
29 July 2016
Shell discovers Fort Sumter (MC 566), furthering its lead in the deepwater GoM Jurassic
Inform
Shell discovers Fort Sumter (MC 566), furthering its lead in the deepwater GoM Jurassic
Fort Sumter de-risks Appomattox, bringing total reserves at the development to more than 800 mmboe
$1,25007 December 2016
Operators plunge into deepwater Gulf of Mexico on both sides of the border: US Upstream week in brief December 07 2016
Insight
Operators plunge into deepwater Gulf of Mexico on both sides of the border: US Upstream week in brief December 07 2016
Operators dive into deepwater projects while private equity players continue to drive onshore M&A deal flow.
$1,35017 January 2017
Deepwater Gulf of Mexico: 5 things to look for in 2017
Insight
Deepwater Gulf of Mexico: 5 things to look for in 2017
In 2017, GoM will lag behind the global upstream recovery. Capex and will hit post-Macondo lows, but several high-profile appraisals await.
$1,350
Trusted by leading organisations
