Deal insight

Deepwater GoM remains afloat: Mitsui acquires 20% interest in Kaikias from Shell

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Contact us about this report

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.

What's included

This report contains

  • Document

    Deepwater GoM remains afloat: Mitsui acquires 20% interest in Kaikias from Shell

    PDF 294.49 KB

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:

Tables

  • 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

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898