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OMV acquires 20% stake in Edvard Grieg from RWE Dea

OMV acquires 20% stake in Edvard Grieg from RWE Dea

Report summary

On 16 October 2012, OMV announced the acquisition of RWE Dea's 20% share in the Edvard Grieg oil field in Norway, for a consideration of US$318 million. The Edvard Grieg field is expected onstream in late 2015. Peak production is forecast to be around 20,000 barrels of oil equivalent per day net to OMV. The deal continues OMV's recent strategy of growth in Norway, through acquiring future developments, while pursuing longer-term frontier exploration in the Barents. It provides ...

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The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

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Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
    • OMV
    • RWE Dea
  • Oil & gas pricing and assumptions

In this report there are 7 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Edvard Grieg and surrounding area
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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