Deal Insight
Lundin acquires OMV's 25% interest in the giant Wisting discovery
Report summary
Lundin Energy is acquiring OMV's entire 25% interest in the Wisting field for US$320 million. Lundin's interest in the field will increase to 35% upon completion of the deal. The Wisting field is in the remote Barents Sea, 300 kilometres from shore. The scale, complexity and remoteness of the project will bring challenges, but there is longer-term upside potential. The deal will strengthen Lundin's presence in the Barents Sea and will add a material investment opportunity to the portfolio. OMV's exit from the oil project underlines its strategic shift to gas.
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 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:
Other reports you may be interested in
Asset Report
Greenstream Pipeline
The Greenstream pipeline transports gas across the Mediterranean Sea from Mellitah, Libya to Gela in Sicily, Italy. Gas is supplied ...
$2,150
Asset Report
Gassled-Zeepipe Terminal Zeebrugge
The Zeebrugge terminal receives gas, via Zeepipe, from fields such as Troll and Sleipner.
$2,150
Asset Report
Sleipner Condensate Pipeline and Terminal
The Sleipner Condensate Pipeline transports condensate and NGL from the Sleipner Øst platform to the Statpipe.
$2,150
