Deal Insight
McMoRan acquires Plains' GoM shelf assets for US$818 million
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Report summary
McMoRan has announced an US$818 million cash and stock deal to acquire Plains E&P's entire Gulf of Mexico (GoM) shelf portfolio. The acquisition will consolidate McMoRan's existing position across the shelf, increasing the company's exposure to its own deep and ultra-deep exploration programmes. The GoM shelf encompasses areas in water depths of less than 400 metres. Deep and ultra-deep wells are defined as those drilled to sub-surface depths in excess of 4,570 metres ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
-
Upsides and risks
- Exploration upside potential is substantial
- But ultra-deep exploration and development carries huge uncertainty
-
Strategic rationale
- Plains E&P
- McMoRan
- Oil & gas pricing and assumptions
Tables and charts
This report includes 9 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
- Davy Jones sensitivity analysis (at gross field level)
- Plains E&P and McMoRan interests in US GoM shelf
What's included
This report contains:
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