Deal insight

First deepwater GoM deal of 2011 as Plains sells 20% of its portfolio

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

For further information about this report submit the form below.

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 ...

What's included

This report contains

  • Document

    First deepwater GoM deal of 2011 as Plains sells 20% of its portfolio

    PDF 537.84 KB

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 7 images and tables including:

Images

  • Inferred breakdown of value and reserves (commercial vs. upside) at base and high oil price scenarios
  • Plains western GoM acreage

Tables

  • Executive summary: Table 1
  • Deal analysis: Table 1
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Upstream assets: Table 1

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898