Deal Insight
Hess divests its 15.67% interest in Schiehallion to Shell
This report is currently unavailable
Report summary
Hess has announced the divestment of its interests in the BP-operated Schiehallion field and the Schiehallion FPSO vessel in the UK West of Shetlands region. The consideration is undisclosed. Schiehallion is on the cusp of a major redevelopment programme, sanctioned in July 2011, that will see the installation of a new-build FPSO, new subsea infrastructure and an intensive drilling programme. The Quad 204 project will require US$3.3 billion of investment between 2013 and 2017, and push ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
-
Upsides and risks
- Upside
- Risks
-
Strategic rationale
- Hess
- Shell
- Oil & gas pricing and assumptions
Tables and charts
This report includes 8 images and tables including:
- Transaction details: Table 1
- Wood Mackenzie modelling assumptions for Schiehallion - production and capex (gross)
- Deal analysis: Table 1
- Valuation of Schiehallion deal vs. other UK deals (oil focused, > US$200 million)
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Commercial Asset Value Sensitivities (PV10)
- Wood Mackenzie valuation (NPV10) of Shell UK portfolio, discounted to 2012 and 2017
What's included
This report contains:
Other reports you may be interested in
Asset Report
Sotiel (Closed) zinc mine
A detailed analysis of the Sotiel zinc mine.
$2,250
Asset Report
La Zarza copper mine project
A detailed analysis of the La Zarza copper mine project.
$2,250
Asset Report
Pallas Green zinc mine project
A detailed analysis of the Pallas Green zinc mine project.
$2,250