Deal Insight
Oxy sells Anadarko's African assets to Total for US$8.8 billion
Report summary
The disposal assets were not a natural fit for Occidental, which is predominantly an onshore operator with expertise in tight oil and EOR in the US and the Middle East. The deal will allow Occidental to achieve ~60-90% of its proposed US$10 to US$15 billion disposal target in one swoop, reduce the demands required to integrate the assets into the portfolio, and remove the costs associated with a huge greenfield LNG mega-project over the next few years.
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Mozambique / LNG
- Ghana
- Algeria
- Deal analysis
- Upsides and risks
-
Strategic rationale
- Total
- Occidental
- Oil & gas pricing and assumptions
Tables and charts
This report includes 8 images and tables including:
- Executive summary: Table 1
- NPV by country
- 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
- Upstream assets: Table 1
What's included
This report contains:
Other reports you may be interested in
01 May 2020
Tullow exits Uganda to Total for US$575 million
Deal Insight
Tullow exits Uganda to Total for US$575 million
Largest post-crisis deal sees French Major make counter-cyclical move
$1,65007 May 2018
Corporate week in brief: rising costs weigh on Tight Oil Inc.
Insight
Corporate week in brief: rising costs weigh on Tight Oil Inc.
Higher oil prices are good for shale players, right? We assess the US Independents Q1 results, and round-up a busy week in M&A.
$70021 May 2019
Occidental to buy Anadarko
Deal Insight
Occidental to buy Anadarko
From fourth Ultra-Major to second Super-Independent - Occidental edges out Chevron for Anadarko
$1,650
