Deal Insight
Neptune acquires Edison's North Sea assets from Energean for US$250 million
Report summary
Neptune Energy has acquired Edison E&P's North Sea portfolio from Energean Oil & Gas for a consideration of up to US$280 million. The initial consideration is US$250 million, with a contingent payment of up to US$30 million dependent on milestones reached at Glengorm and Isabella. The portfolio contains non-operated development, producing and exploration assets across the NCS and UKCS. Key assets include the Norwegian Nova (15%) and Dvalin (10%) development fields, and the UK Glengorm discovery (25%).
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Norway
- UK
- Deal analysis
-
Upsides and risks
- Norway
- UK
-
Strategic rationale
- Neptune
- Energean
- Oil & gas pricing and assumptions
Tables and charts
This report includes 7 images and tables including:
- Executive summary: Table 1
- Wood Mackenzie standalone asset NPV10, including Glengorm upside
- Deal analysis: Table 1
- Deal analysis: Table 2
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Upstream assets: Table 1
What's included
This report contains:
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