Deal Insight
INPEX acquires 9.99% of Block 14 in Angola from Total
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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 the following images and tables:
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Executive summary: Table 1Block 14 AngolaBlock 14 fields by development status
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Deal analysis: Table 1Deal analysis: Table 2Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 29.99% stake in Block 14 - sensitivities chart
What's included
This report contains:
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