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6 Pages

Premier acquires 60% of Rockhopper's North Falkland Basin interests


Premier acquires 60% of Rockhopper's North Falkland Basin interests

Report summary

Premier Oil has announced that it is to acquire a 60% stake in Rockhopper Exploration's Falklands/Malvinas portfolio. The total consideration is US$1 billion, comprising US$231 million cash to be paid upon completion of the deal, plus a commitment by Premier to carry Rockhopper through US$770 million of development and exploration spending. Rockhopper will take the lead role in any exploratory work, while Premier will operate during the development phase. This is the second notable ...

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  • Premier acquires 60% of Rockhopper's North Falkland Basin interests PDF - 379.67 KB 6 Pages, 5 Tables, 1 Figures

Description

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.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

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
    • Development assets
    • Exploration assets
  • Deal analysis
  • Upsides and risks
    • Development challenges
    • The disputed sovereignty of the islands
    • Exploration upside
  • Strategic rationale
    • Rockhopper Exploration
    • Premier Oil
  • Oil & gas pricing and assumptions

In this report there are 6 tables or charts, including:

  • Executive summary
  • Transaction details
  • Upstream assets
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
  • Upsides and risks
  • Strategic rationale
    • Wood Mackenzie forecasts of Premier Oil Development Capex and Production (including Rockhopper deal)
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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