Deal Insight
Gazprom sells 51% stake in SeverEnergia to Gazpromneft and NOVATEK for US$1.75 billion
This report is currently unavailable
Report summary
Gazpromneft and NOVATEK have acquired Gazprom's 51% share in SeverEnergia for US$1.75 billion (including net debt of US$250 million). The SeverEnergia JV holds undeveloped oil and gas assets in West Siberia. The other shareholders are Eni (29.4%) and Enel (19.6%).Our analysis suggests that the deal will break even at long-term oil price of US$80/bbl. With the portfolio still in the early stages of development, potential delays and/or cost overruns represent downside risks to our ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
-
Upsides and risks
- Risks
- Upsides
-
Strategic rationale
- NOVATEK
- Gazpromneft
- Gazprom
- Oil & gas pricing and assumptions
Tables and charts
This report includes 8 images and tables including:
- Executive summary: Table 1
- Upstream assets: Table 1
- Wood Mackenzie production forecast for SeverEnergia (net 51%, entitlement basis)
- 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:
Other reports you may be interested in
Asset Report
Volkhov aluminium smelter
A detailed analysis of the Volkhov aluminium smelter.
$2,250
Asset Report
Vysotsk LNG - Commercial Overview
Vysotsk LNG is a 0.66 mmtpa project, which is operated by CryoGAS-Vysotsk, a JV between NOVATEK (51%) and Gazprombank (49%). The plant ...
$2,250
Asset Report
Arcticgas
The Arcticgas assets are situated east of Gazprom's giant Urengoiskoye field, in the Yamal-Nenets region of West Siberia. The ...
$3,100