Deal Insight
Equinor sells its interest in Tommeliten Alpha to PGNiG for US$220m
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
On 18 October 2018, Equinor announced the sale of its non-operated interests in the Tommeliten Alpha gas/condensate field to PGNiG for US$220 million. This deal is the latest in a string of non-core asset divestments from the Major, and swiftly follows the King Lear deal earlier this month. For PGNiG, Tommeliten Alpha is its third acquisition since the approval of a new company strategy in 2017 which aims to increase Norwegian equity gas production to at least 2.5 bcm/y from 2022.
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
- Deal analysis: Table 2
- Deal analysis: Table 3
- 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
Europe upstream week in brief: Hurricane Energy gets OGA approval for Lancaster EPS
This is our NEW Week in Brief. We give you quick, responsive opinion and analysis on all that's going on in European oil and gas.
$1,350
Insight
Northwest Europe upstream week in focus: 04 August 2016
The Week in focus covers all E&A drilling activity as well as deals and licensing activity throughout Northwest Europe.
$450
