Deal Insight

Hess sells North Sea gas and infrastructure assets to Scottish and Southern Energy

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On 1 April 2010, Scottish and Southern Energy (SSE) announced that it had agreed to acquire North Sea gas and infrastructure assets from Hess for a consideration of US$423 million. The assets transferred include the Everest/Lomond Area, Easington Catchment Area and Bacton Area. The portfolio also includes an interest in the Central Area Transmission System (CATS) pipeline.This deal marks SSE's entry into the upstream sector. The uncontracted gas assets are attractive to SSE, ...

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • 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:

  • Document

    Hess sells North Sea gas and infrastructure assets to Scottish and Southern Energy

    PDF 340.72 KB