Deal Insight
Gazpromneft and Novatek acquire Eni's 29.4% stake in SeverEnergia
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Report summary
The battle for one of the most promising gas assets in the north of West Siberia resulted in Gazpromneft and NOVATEK's acquisition of Eni's 29.4% indirect stake in SeverEnergia. This deal marks not only the exit of Eni from Russia's onshore upstream, but also a halt to Rosneft's seemingly unstoppable expansion in the gas sector. Rosneft had hoped to expand its stake in SeverEnergia to 49%, following its acquisition of 19.6% from Enel in September. These two deals ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
-
Deal analysis
- Valuation
- Transaction value evolution - SeverEnergia
- Deal metrics
-
Upsides & risks
-
Upsides
- Technical Resources
- New MET terms
-
Risks
- Access to infrastructure
- Domestic gas prices
-
Upsides
-
Strategic rationale
- Eni
- Gazpromneft / NOVATEK
- Oil & gas pricing and assumptions
Tables and charts
This report includes 9 images and tables including:
- Executive summary: Table 1
- SeverEnergia Fields
- Net production and capital expenditure
- Upstream assets: Table 1
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
What's included
This report contains:
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