Deal Insight

ExxonMobil sells 15% interest in Sleipner area to Lotos for US$185 million

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09 November 2015

ExxonMobil sells 15% interest in Sleipner area to Lotos for US$185 million

Report summary

Polish company Lotos E&P Norge is to farm into ExxonMobil's share in the Statoil-operated Sleipner Area fields with 15%, for a consideration of US$160m. The package also includes an additional US$25m for 28% of the Norwegian part of the nearby Alfa Sentral field, pending development approval. Similar to the Wintershall/Tellus deal earlier this year, a value-adjustment mechanism has been agreed, which will reflect oil and gas price rises between 2016 and 2020.

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
    • Grupa Lotos
    • ExxonMobil
  • 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

    ExxonMobil sells 15% interest in Sleipner area to Lotos for US$185 million

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