Deal Insight
Shell divests its onshore Egypt portfolio to Cheiron and Cairn for US$646 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
Shell has agreed to sell its onshore Egypt upstream portfolio to a consortium made up of Cairn Energy (50%) and Cheiron (50%). The base consideration is US$646 million, with additional payments of up to US$280 million between 2021 and 2024. Additional payments are subject to average Brent prices and exploration success. The onshore package consists of 13 development leases and five exploration blocks.
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
-
Producing assets
- Badr El Din
- Obaiyed
- North Alam El Shawish
- North East Abu Gharadig
- Alam El Shawish West
- Exploration acreage
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Producing assets
- Deal analysis
-
Upsides and risks
- Upsides
- Risks
-
Strategic rationale
- Cheiron
- Cairn Energy
- Shell
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Shell's onshore Egypt portfolio
- Upstream assets: Table 1
What's included
This report contains:
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