Deal insight

INPEX acquires a 7.2% interest in Lucius from Anadarko for US$556 million

From

$1,650.00

Get this report

From

$1,650.00

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

FAQs

Contact us

Report summary

INPEX has acquired a 7.2% stake in the Anadarko operated Lucius field for US$556 million. Lucius is a large Pliocene field located in the remote southern Keathley Canyon area of the Gulf of Mexico. The field was discovered in 2009 and sanctioned for development in 2011. First production is expected in 2014. We value the deal at US$301 million (NPV10 discounted to January 2012); some way short of the purchase price. Anadarko has indicated that there is upside to the 300 mmboe assumed ...

What's included

This report contains

  • Document

    INPEX acquires a 7.2% interest in Lucius from Anadarko for US$556 million

    PDF 641.79 KB

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

  • Lucius (KC 874)
  • WoodMac production forecast for Lucius (gross)
  • WoodMac deal valuation under base (300 mmboe) and upside (450 mmboe) scenarios

Tables

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

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898