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Mitsui acquires BP's interests in Alba and Britannia for US$280 million

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Report summary

Mitsui has announced the acquisition of BP's non operated interests in the Alba (13.3%) and Britannia (8.97%) fields in the UK Central North Sea for US$280 million ( 180 million). Alba is an oil field and Britannia a gas field. Both started production in the mid 1990s and are now in the latter stages of their productive life.This is the third UK disposal that BP has made in the past year following the earlier sales of Wytch Farm and a package of Southern Gas Basin properties. ...

What's included

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  • Document

    Mitsui acquires BP's interests in Alba and Britannia for US$280 million

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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 9 images and tables including:

Images

  • Wood Mackenzie NPV sensitivity analysis under Base price scenario
  • Wood Mackenzie analysis of BP's UK portfolio - value vs. maturity vs. remaining reserves*

Tables

  • Executive summary: 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
  • Upstream assets: Table 1

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