Deal Insight
Equinor acquires a 40% interest in Rosebank from Chevron
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Equinor has agreed to acquire Chevron's 40% operated stake in Rosebank, the largest undeveloped greenfield project in the UK at 310 mmboe. The deal cements Equinor's commitment to the UK and will see the Norwegian Major take on another sizeable UK challenge. For Chevron, the sale signals a complete exit from the UK is likely to follow. While the deal marks further retreat of the US-based IOCs from UK waters, after ConocoPhillips reduced its stake in Clair earlier this year.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
-
Upsides and risks
- Upsides
- 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
- Deal analysis: Table 2
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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