Deal Insight

INPEX acquires 9.99% of Block 14 in Angola from Total

This report is currently unavailable

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQs about online orders
- Find out more about subscriptions

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

On 21 August 2012, Total announced it had agreed to sell INPEX a 9.99% indirect interest in Block 14, Angola. Total will retain a 10.01% stake. The deal sees Total's original 20% interest transferred to a new Total affiliate, in which INPEX will become a shareholder. The deepwater block contains three producing projects, plus several still to be developed. We forecast peak production of around 300,000 b/d by 2019. Our base case valuation of the deal is US$1.1 billion (discounted at ...

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
    • Upside
      • Onstream Fields
      • Technical Fields and Exploration Potential
    • Risks
      • Existing Onstream Fields
      • Probable Fields
    • Total
    • INPEX
  • Oil & gas pricing and assumptions

Tables and charts

This report includes the following images and tables:

  • Executive summary: Table 1
  • Block 14 Angola
  • Block 14 fields by development status
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • 9.99% stake in Block 14 - sensitivities chart

What's included

This report contains:

  • Document

    INPEX acquires 9.99% of Block 14 in Angola from Total

    PDF 1.24 MB