Deal Insight

Equinor acquires a 40% interest in Rosebank from Chevron

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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
    • 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:

  • Document

    Equinor acquires a 40% interest in Rosebank from Chevron

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