Deal Insight
EDF exits upstream in preparation for the energy transition
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
EDF-owned Edison has become the latest utility to exit the upstream space, selling its wholly-owned subsidiary Edison E&P to Energean Oil & Gas. The initial consideration is US$750 million, which could increase to around US$1 billion, contingent on development milestones and royalty payments. The gas-weighted portfolio includes operated and non-operated interests both onshore and offshore Italy, a 100% interest in Abu Qir in Egypt, the onshore Reggane Nord field in Algeria, two under development fields in Norway, and the Glengorm discovery in the UK North Sea.
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 the following images and tables:
- Executive summary: Table 1
- Upstream assets: Table 1
- Deal analysis: Table 1
- 1) Edison capex and cash flow outlook; 2) Edison NPV10 by country (incl Glengorm)
- Deal analysis: Table 2
- Deal analysis: Table 3
- Deal analysis: Table 4
- Energean's combined production post-acquisition
- 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
Insight
Retail fuels in brief
Our brief analyses of the most important developments across retail fuel markets globally, kept to the point.
$900
Insight
LNG mandates fuel M&A activity
A growing list of players with LNG aspirations has led to a M&A boom
$1,050
Insight
Benchmarking Latin America energy markets
Latin America's major economies are progressing towards a lower-carbon and a more resilient energy future.
$1,250
