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8 Pages

INPEX acquires 9.99% of Block 14 in Angola from Total

INPEX acquires 9.99% of Block 14 in Angola from Total

Report summary

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 ...

What's included?

This report includes 1 file(s)

  • INPEX acquires 9.99% of Block 14 in Angola from Total PDF - 1.24 MB 8 Pages, 5 Tables, 3 Figures


The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

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

In this report there are 8 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Block 14 Angola
    • Block 14 fields by development status
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
  • Upsides and risks
    • 9.99% stake in Block 14 - sensitivities chart
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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