Deal Insight
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
-
Upstream assets
-
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
-
Denmark
- Deal analysis
-
Upsides and risks
- Upside
- Risks
-
Strategic rationale
- 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:
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