Deal Insight
Ithaca Energy acquires Valiant Petroleum for US$459 million
This report is currently unavailable
Report summary
The acquisition enhances Ithaca's existing position in the UK, where Valiant's key assets are the Causeway and Don Area oil developments, and gives the company entry to Norway. Valiant has been hit by a series of unsuccessful exploration wells, production under-performance issues and field development delays. It's share price had suffered as a result, prompting the board to launch a "strategic review" in September 2012 - widely interpreted as the beginning of a sale ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
-
Upsides and risks
- Upside
- Risk
-
Strategic rationale
- Ithaca Energy perspective
- Valiant Petroleum perspective
- Oil & gas pricing and assumptions
Tables and charts
This report includes 9 images and tables including:
- Executive summary: Table 1
- Wood Mackenzie production and capex forecast for Valiant
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Wood Mackenzie valuation of Valiant assets (NPV10), excluding impact of tax allowances
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
Other reports you may be interested in
Insight
Global upstream M&A in brief
The global upstream M&A in brief provides the Wood Mackenzie view on all of the key M&A events as they unfold.
$1,350
Insight
Asia-Pacific upstream in brief
This rolling document gives our opinion and analysis of the latest events and trends in Asia-Pacific's upstream sector.
$1,350
Insight
2024 guidance: upstream companies' capital budgets and production targets
Rolling company guidance tracker with 2024 investment plans and volume targets
$1,350