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KUFPEC buys additional 15% stake in Gina Krog from Total for US$317 million

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01 September 2017

KUFPEC buys additional 15% stake in Gina Krog from Total for US$317 million

Report summary

KUFPEC has taken its stake in Gina Krog to 30%, with Total exiting. KUFPEC (which bought its initial 15% stake in this asset from Total in December 2016) grows its Norwegian business by adding 34 mmboe of reserves and 9,000 boe/d of production in 2017. Total has finally exited the field after two years of trying to so. High costs and reservoir complexity have perhaps discouraged other buyers earlier in the development cycle. The deal will help Total meet its 2015-2017 divestment target of US$10 billion and also move its production down the cost curve.

Table of contents

Tables and charts

This report includes 7 images and tables including:

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

What's included

This report contains:

  • Document

    KUFPEC buys additional 15% stake in Gina Krog from Total for US$317 million

    PDF 287.65 KB

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