Deal Insight
Premier buys UK North Sea assets from BP for US$625 million
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
-
Upstream assets
- Andrew Area
- Shearwater
- Deal analysis
-
Upsides and risks
- Upsides
- Risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes 6 images and tables including:
- Executive summary: Table 1
- 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
What's included
This report contains:
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