Deal Insight
Premier acquires 60% of Rockhopper's North Falkland Basin interests
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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 ...
Table of contents
- 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
Tables and charts
This report includes 6 images and tables including:
- Deal analysis: Table 1
- Deal analysis: Table 2
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Upstream assets: Table 1
- Wood Mackenzie forecasts of Premier Oil Development Capex and Production (including Rockhopper deal)
What's included
This report contains:
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