Deal Insight

INEOS enters North Sea upstream after acquiring LetterOne's gas assets for a reported US$750 million

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14 October 2015

INEOS enters North Sea upstream after acquiring LetterOne's gas assets for a reported US$750 million

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:

  • Document

    INEOS enters North Sea upstream after acquiring LetterOne's gas assets for a reported US$750 million

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