Deal Insight
INEOS acquires DONG's upstream business for US$1.1 billion
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 24 May 2017, INEOS announced it had acquired DONG Energy's upstream oil and gas business for US$1,050 million and up to US$250 in contingent payments. The contingent payments are made up of US$150 million which relates to a Danish NGL stabilisation plant for the Hejre development and a further payment of US$100 million subject to the development of the Rosebank field in the UK. As part of the transaction, INEOS will take over all decommissioning liabilities.
Table of contents
- Executive summary
- Transaction details
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Upstream assets
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Denmark
- South Arne (36.78%)
- Siri Area (100%)
- Hejre (60%) & Solsort (35%)
- Lulita (80%)
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Norway
- Ormen Lange (14.02%)
- Others
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UK
- Greater Laggan Area (20%)
- Rosebank (10%)
- Others
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Denmark
- Deal analysis
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Upsides and risks
- Upside
- Risks
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Strategic rationale
- INEOS
- DONG Energy
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
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Executive summary: Table 1Annual production split of DONG assets by countryDeal analysis: Table 1
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Deal analysis: Table 2Deal analysis: Table 3Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2Upstream assets: Table 1
What's included
This report contains:
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