Deal Insight
INPEX acquires a 7.2% interest in Lucius from Anadarko for US$556 million
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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
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 ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
-
Upsides and risks
- Reserves upside
- Development risk
- Third party tariffs
-
Strategic rationale
- INPEX
- Anadarko
- Implications for the region
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Lucius (KC 874)
- WoodMac production forecast for Lucius (gross)
- Upstream assets: Table 1
- Deal analysis: Table 1
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- WoodMac deal valuation under base (300 mmboe) and upside (450 mmboe) scenarios
What's included
This report contains:
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