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INPEX acquires 9.99% of Block 14 in Angola from Total

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21 August 2012

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 ...

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 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:

  • Document

    INPEX acquires 9.99% of Block 14 in Angola from Total

    PDF 1.24 MB