Deal Insight

Marubeni acquires BP deepwater GoM assets

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Report summary

BP has sold four deepwater Gulf of Mexico (GoM) fields to Marubeni for US$650 million. The portfolio - Nansen, Magnolia, Merganser and Zia - is gas weighted, mature and will require additional investment to reverse production decline. This is the first material deepwater GoM divestment since the Macondo disaster on 20 April 2010, and goes some way to addressing key questions that were thrown up in its wake: How will uncertainty and the re-rating of risk impact the market value of ...

What's included

This report contains

  • Document

    Marubeni acquires BP deepwater GoM assets

    PDF 756.49 KB

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 10 images and tables including:

Tables

  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Upsides and risks: Table 1
  • Upsides and risks: Table 2
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

Images

  • Nansen detail map
  • Implied Long-term Oil Price discount rate sensitivity under base modelling assumptions and upside valuation scenarios
  • Production forecasts under base modelling assumptions and upside valuation scenarios

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