Deal Insight
NEO acquires Zennor for US$625 million
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
HitecVision-backed NEO Energy has announced the acquisition of Kerogen-backed Zennor Petroleum for up to US$625 million. The consideration includes undisclosed contingent payments related to development milestones and future commodity prices. Zennor's assets are focused on the Central North Sea and Northern North Sea and include Finlaggan, its operated flagship development that is due onstream later this year. Finlaggan makes up over 70% of the portfolio's value.
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 the following images and tables:
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Executive summary: Table 1Upstream assets: Table 1Deal analysis: Table 1
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Deal analysis: Table 2Deal analysis: Table 3NEO Energy production profile by acquisitionOil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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