Deal insight

Perenco acquires BP's operated Southern Gas Assets for US$400 million

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Report summary

BP has announced the divestment of its operated fields in the UK Southern Gas Basin including the Dimlington terminal to Perenco for a consideration of US$400 million. A tax loss position of US$280 million will also be acquired by Perenco. Perenco has made an initial cash payment of US$100 million with US$300 million payable on completion of the deal. A further US$10 million payment is contingent on future gas prices. In addition BP will retain a 90% interest in the deeper ...

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  • Document

    Perenco acquires BP's operated Southern Gas Assets for US$400 million

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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 6 images and tables including:

Images

  • Wood Mackenzie NPV sensitivity analysis under Base price scenario

Tables

  • Executive summary: Table 1
  • Deal analysis: Table 1
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Upstream assets: Table 1

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