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8 Pages

JX Nippon acquires portfolio of UK North Sea assets from Eni


JX Nippon acquires portfolio of UK North Sea assets from Eni

Report summary

JX Nippon Exploration and Production UK Ltd has announced the acquisition of a portfolio of non-operated UK interests from Eni. Most of the value in this deal is attributable to technically challenging development assets such as the Mariner heavy oil field and the high pressure/high temperature Culzean development, but the package includes a number of more mature properties. No consideration has been disclosed, but we value the assets transferred at US$1.11 billion (NPV10, 1 January 2012) ...

What's included?

This report includes 1 file(s)

  • JX Nippon acquires portfolio of UK North Sea assets from Eni PDF - 667.20 KB 8 Pages, 5 Tables, 2 Figures

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

  • Executive summary
  • Transaction details
  • Upstream assets
    • Andrew, Kinnoull and Farragon
    • Mariner
    • Culzean
    • ETAP Area
    • Other fields
  • Deal analysis
  • Upsides and risks
    • Upside
    • Risks
  • Strategic rationale
    • JXNEPUK perspective
  • Oil & gas pricing and assumptions

In this report there are 7 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Net remaining value of assets transferred
  • Upsides and risks
  • Strategic rationale
    • JX Nippon Oil & Gas Exploration - Global Upstream Portfolio
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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