Deal Insight
First deepwater GoM deal of 2011 as Plains sells 20% of its portfolio
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Report summary
EIG Global Energy Partners is to acquire a 20% equity interest in Plains E&P's Gulf of Mexico (GoM) subsidiary for an effective consideration of US$360 million. The portfolio comprises one commercial asset - Lucius - and exploration acreage spanning 100 offshore blocks, prospective for Pliocene and Miocene discoveries. The deal places a value on Plains' GoM portfolio of US$1.8 billion.This is the first deepwater GoM divestment in 2011. Plains E&P - the only company to have ...
Table of contents
- Executive summary
-
Transaction details
- Wood Mackenzie modelling methodology
-
Upstream assets
- Exploration interests
- Deal analysis
- Upsides and risks
-
Strategic rationale
- Plains
- EIG
- Implications for the region
- Oil & gas pricing and assumptions
Tables and charts
This report includes 7 images and tables including:
- Executive summary: Table 1
- Deal analysis: Table 1
- Inferred breakdown of value and reserves (commercial vs. upside) at base and high oil price scenarios
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Plains western GoM acreage
- Upstream assets: Table 1
What's included
This report contains:
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