Deal Insight
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. ...
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Alba
- Britannia
- Deal analysis
-
Upsides and risks
- Upsides
- Risks
-
Strategic rationale
- Mitsui Perspective
- BP Perspective
- Oil & gas pricing and assumptions
Tables and charts
This report includes 9 images and tables including:
- 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
- Wood Mackenzie NPV sensitivity analysis under Base price scenario
- Wood Mackenzie analysis of BP's UK portfolio - value vs. maturity vs. remaining reserves*
What's included
This report contains:
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