Deal Insight
Mubadala picks up 10% stake in Egypt's Zohr from Eni
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.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
-
Strategic rationale
- Eni
- Mubadala Petroleum
- Oil & gas pricing and assumptions
Tables and charts
This report includes 7 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
What's included
This report contains:
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