Deal Insight
Freeport-McMoRan acquires Apache's interest in deepwater GoM assets for US$1.4 billion
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Report summary
Freeport-McMoRan Copper & Gold (FCX) is to acquire Apache's interests in the Lucius (11.7%) and Heidelberg (12.5%) assets and 11 exploration leases in deepwater GoM for a consideration of US$1.4 billion. Wood Mackenzie's valuation is US$1.85 billion (including tax benefits to FCX), with the standalone asset valuation for the Lucius and Heidelberg stakes contributing US$1.42 billion, implying an attractive offering price for FCX.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
-
Upsides and risks
- Lucius
- Heidelberg
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes 7 images and tables including:
- Executive summary: Table 1
- Upstream assets: Table 1
- 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:
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