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INEOS acquires DONG's upstream business for US$1.1 billion

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26 May 2017

INEOS acquires DONG's upstream business for US$1.1 billion

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
    • Denmark
      • South Arne (36.78%)
      • Siri Area (100%)
      • Hejre (60%) & Solsort (35%)
      • Lulita (80%)
    • Norway
      • Ormen Lange (14.02%)
      • Others
    • UK
      • Greater Laggan Area (20%)
      • Rosebank (10%)
      • Others
  • Deal analysis
    • Upside
    • Risks
    • INEOS
    • DONG Energy
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 8 images and tables including:

  • Executive summary: Table 1
  • Annual production split of DONG assets by country
  • 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
  • Upstream assets: Table 1

What's included

This report contains:

  • Document

    INEOS acquires DONG's upstream business for US$1.1 billion

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