Deal Insight
Shell acquires majority interest and operatorship of North Platte
Report summary
On 29 June 2022, Equinor announced the sale of a 51% working interest in North Platte, which will be renamed Sparta, and transfer of operatorship to Shell. Equinor will retain 49% interest in the project.The deal is timely. Recall the previous partner and operator – TotalEnergies – walked away from the project in February 2022. Equinor's 100% interest quickly became a sell-down candidate as it was unlikely that the Euro Major would develop the nearly US$5 billion project as the sole interest owner.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
-
Upsides and risks
- Upside
- Risks
-
Strategic rationale
- Shell
- Equinor
- Oil & gas pricing and assumptions
Tables and charts
This report includes 6 images and tables including:
- Executive summary: Table 1
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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