Deal Insight

Mubadala picks up 10% stake in Egypt's Zohr from Eni

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Report summary

UAE's Mubadala Petroleum is buying a 10% stake in Zohr from Eni for US$934 million. At the same time, Eni will take a 5% interest in the Lower Zakum oil field and 10% in the Umm Shaif and Nasr fields offshore Abu Dhabi for US$875 million. Zohr has undergone a fast-track development since its discovery in August 2015, with first gas produced in December 2017. The field is expected to hold 30tcf of lean gas-in-place and at plateau could produce around one-third of Egypt's domestic gas production. The deal gives Mubadala access to a world class asset and Eni long-term, low cost oil production in a part of the world it has historically been light in.

What's included

This report contains

  • Document

    Mubadala picks up 10% stake in Egypt's Zohr from Eni

    PDF 208.88 KB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
    • Eni
    • Mubadala Petroleum
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 7 images and tables including:

Tables

  • 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

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