Deal Insight
ExxonMobil exits Norway in US$4.5 billion Vår Energi deal
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 26 September 2019, ExxonMobil announced it had sold its Norwegian upstream business to Vår Energi, in the country's biggest deal in 13 years. The exit brings an end to one of the industry's longest running stories – the Supermajor having been awarded the first ever licence on the NCS.ExxonMobil has achieved an attractive exit price: the US$4.5 billion consideration represents a significant premium to our valuation.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
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Upsides and risks
- Upsides
- Risks
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Strategic rationale
- Vår Energi
- ExxonMobil
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
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Executive summary: Table 1Upstream assets: Table 1Implied Long-term Oil Price, selected regions
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Deal analysis: Table 1Deal analysis: Table 2Deal analysis: Table 3Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2Equinor - potential impact from hitting recovery factor targetsTop 10 Norway producers (excluding Equinor and Petoro)Rise of VÃ¥r
What's included
This report contains:
