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7 Pages

Hess sells its Russian subsidiary Samara-Nafta to LUKOIL for US$2.05 billion


Hess sells its Russian subsidiary Samara-Nafta to LUKOIL for US$2.05 billion

Report summary

The deal marks Hess' exit from Russia - the latest move in a disposal programme that has already seen the company sell interests in the UK, US and Azerbaijan, for over US$2.5 billion.Samara-Nafta is 90% owned by Hess, with remainder held by CEO, Simon Kukes. The company operates 23 blocks and more than 60 fields in the prolific Volga-Urals oil province in Russia. Current production is 50,000 b/d of oil, making Samara-Nafta the second largest producer in the Samara region.Competition for ...

What's included?

This report includes 1 file(s)

  • Hess sells its Russian subsidiary Samara-Nafta to LUKOIL for US$2.05 billion PDF - 1.26 MB 7 Pages, 7 Tables, 3 Figures

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
    • Hess
    • LUKOIL
  • Oil & gas pricing and assumptions

In this report there are 10 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Samara-Nafta blocks and LUKOIL infrastructure
    • Samara-Nafta production and capital costs
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Upsides and risks
  • Strategic rationale
    • LUKOIL liquids production and Samara-Nafta oil production from its acquisition
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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