Deal Insight
INPEX acquires 17.5% interest in Prelude from Shell
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Report summary
INPEX has announced that it will acquire a 17.5% stake in Shell's Prelude floating LNG (FLNG) project in Australia. Our base case valuation of the deal is US$654 million (discounted at 10% from March 2012). No details of the consideration paid have been released. KOGAS is also understood to remain in negotiations with Shell to acquire a 10% stake in the project.Prelude will be the world's first FLNG project. Gas supply for the project will come from the Prelude and Concerto ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
-
Upsides and risks
- Upsides
- Risks
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Strategic rationale
- INPEX
- Shell
- LNG, Gas and Condensate Pricing Assumptions
- Oil & gas pricing and assumptions
Tables and charts
This report includes 5 images and tables including:
- Executive summary: Table 1
- Upstream assets: Table 1
- Map
- Deal analysis: Table 1
- Oil & gas pricing and assumptions: Table 1
What's included
This report contains:
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