Deal insight

INPEX acquires 9.99% of Block 14 in Angola from Total

From

$1,650.00

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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 contains

  • Document

    INPEX acquires 9.99% of Block 14 in Angola from Total

    PDF 1.24 MB

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 8 images and tables including:

Images

  • Block 14 Angola
  • Block 14 fields by development status
  • 9.99% stake in Block 14 - sensitivities chart

Tables

  • Executive summary: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

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