Deal Insight

Freeport expands deepwater GoM position with US$500 million acquisition including an 18.67% stake in Vito field

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30 October 2014

Freeport expands deepwater GoM position with US$500 million acquisition including an 18.67% stake in Vito field

Report summary

Freeport-McMoRan(FCX) has acquired Anadarko's interest in the Vito (MC 984) asset (18.67%) and surrounding acreage in the Vito basin for a consideration of US$500 million. Wood Mackenzie's deal valuation is US$529 million (including tax benefits to FCX), with the standalone asset valuation for the Vito asset contributing US$419 million.

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 10 images and tables including:

  • Executive summary: Table 1
  • FCX acquired leases
  • Upstream assets: Table 1
  • FCX deepwater GoM production profile (2014-2023)
  • FCX remaining reserves
  • 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:

  • Document

    Freeport expands deepwater GoM position with US$500 million acquisition including an 18.67% stake in Vito field

    PDF 371.60 KB

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