Deal Insight
OKEA acquires interest in Statfjord Area from Equinor for US$220 million
Report summary
Equinor has sold an interest in the Statfjord Area to OKEA for US$220 million. The deal includes interests in the Statfjord Unit, Statfjord Øst, Statfjord Nord and Sygna fields. Our valuation suggests this is a good deal for both sides. High valuations have been a trademark of M&A in Norway in recent years, supporting a sellers' market. But the late-life nature of the package and higher than average emission intensity likely explains why this package hasn't attracted a premium valuation. However, Equinor has monetised its interest in a high-equity, mature asset and has brought a strategically aligned partner into the area.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
-
Upsides and risks
- Upsides
- Downsides
-
Strategic rationale
- OKEA
- Equinor
Tables and charts
This report includes 8 images and tables including:
- Executive summary: Table 1
- Transaction details: Table 1
- Transaction details: Table 2
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- OKEA production profile
- Equinor remaining emissions intensity
What's included
This report contains:
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