Deal Insight
INEOS enters North Sea upstream after acquiring LetterOne's gas assets for a reported US$750 million
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Report summary
This deal marks INEOS' entry into the UK North Sea sector, sending a positive signal that business development remains on the agenda for some players. It underlines that deals can be done for the right price; and that buyers are not constrained to private equity-backed players. The acquisition gives INEOS a varied portfolio with producing assets, development assets and some smaller discoveries which could be developed at a later date. The mix of exploration and production assets are in multiple sectors giving INEOS exposure to the SGB, NNS and West of Shetlands.
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 6 images and tables including:
- Executive summary: Table 1
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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