Deal Insight
Equinor pre-empts Delek's acquisition of non-op interest in Caesar-Tonga from Shell for US$965 million
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
The Delek Group made a splash in the deepwater Gulf of Mexico, acquiring Shell's non-operated interest in the Anadarko operated Cesar-Tonga field. Delek furthers its evolution as a pure play E&P company, and increases its production by over 25%. Shell decides to monetize and move on, and with the field only representing 3% of its GoM portfolio, it can redeploy the capital without rocking the boat. But what lies below the surface of this seemingly straight forward transaction hints at deeper changes for the entire region.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
-
Upsides and risks
- Upside
- Downside Risk
-
Strategic rationale
-
Shell
- Delek
- Equinor
- US GoM implications
-
Shell
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
-
Executive summary: Table 1Delek Group GoMUpstream assets: Table 1
-
Deal analysis: Table 1Deal analysis: Table 2Deal analysis: Table 3Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2Delek Group global portfolioCaesar/Tongo net production, capex and cash flow
What's included
This report contains:
Other reports you may be interested in
Asset Report
KNOC Alberta
Korea National Oil Corporation (KNOC) entered western Canada in December 2009, through the acquisition of Harvest Energy Trust for a ...
$3,720
Asset Report
TAQA British Columbia
The Abu Dhabi National Energy Company, also known as TAQA, entered the Canadian upstream sector in 2007 through the acquisition of ...
$3,720
Asset Report
Sinopec Alberta
Sinopec Daylight Energy was created through the acquisition of Daylight Energy by Sinopec International Petroleum in 2011. Prior to the ...
$3,720
