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6 Pages

Premier Oil acquires EnCore Oil for US$318 million


Premier Oil acquires EnCore Oil for US$318 million

Report summary

Premier Oil has announced its intention to acquire UK focused EnCore Oil for a consideration net of working capital of US$318 million (£206 million). EnCore's key assets are a 15% operated interest in the Greater Catcher Area and a 16.6% non-operated interest in the Cladhan field, both of which are probable developments. Our base case valuation of the assets is US$317 million (£206 million). This implies a long-term oil price of US$80/bbl, which is in line with recent ...

What's included?

This report includes 1 file(s)

  • Premier Oil acquires EnCore Oil for US$318 million PDF - 326.90 KB 6 Pages, 6 Tables, 0 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
    • Greater Catcher Area
    • Cladhan
    • Exploration acreage
  • Deal analysis
  • Upsides and risks
    • Upsides
    • Risks
  • Strategic rationale
    • Premier's perspective
    • EnCore's perspective
  • Oil & gas pricing and assumptions

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

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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