Deal Insight

Shell divests its onshore Egypt portfolio to Cheiron and Cairn for US$646 million

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16 March 2021

Shell divests its onshore Egypt portfolio to Cheiron and Cairn for US$646 million

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
    • Producing assets
      • Badr El Din
      • Obaiyed
      • North Alam El Shawish
      • North East Abu Gharadig
      • Alam El Shawish West
    • Exploration acreage
  • Deal analysis
    • Upsides
    • Risks
    • Cheiron
    • Cairn Energy
    • Shell
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 8 images and tables including:

  • 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:

  • Document

    Shell divests its onshore Egypt portfolio to Cheiron and Cairn for US$646 million

    PDF 1.47 MB