Deal insight

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

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Contact us about this report

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.

What's included

This report contains

  • Document

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

    PDF 294.24 KB

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:

Tables

  • 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

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898