Deal Insight
Premier buys UK North Sea assets from BP for US$625 million
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Premier Oil is to acquire BP's interests in the Andrew Area and Shearwater fields, both located in the UK Central North Sea, for US$625 million. The acquisition of the Andrew Area provides Premier with operatorship of a mid-life hub with ongoing development, while Shearwater will provide access to a strong operator and joint venture partnership with Shell and ExxonMobil. We see this as a good deal for both parties.
Table of contents
- Executive summary
- Transaction details
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Upstream assets
- Andrew Area
- Shearwater
- Deal analysis
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Upsides and risks
- Upsides
- Risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
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Executive summary: Table 1Deal analysis: Table 1Deal analysis: Table 2
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Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2Upstream assets: Table 1
What's included
This report contains:
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