Deal Insight
INPEX acquires 9.99% of Block 14 in Angola from Total
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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 ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
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Upsides and risks
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Upside
- Onstream Fields
- Technical Fields and Exploration Potential
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Risks
- Existing Onstream Fields
- Probable Fields
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Upside
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Strategic rationale
- Total
- INPEX
- Oil & gas pricing and assumptions
Tables and charts
This report includes 8 images and tables including:
- 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:
