Deal Insight
Shell exits New Zealand to OMV for US$578 million
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Shell has sold its New Zealand assets to OMV for US$578 million, edging it closer to the end of its US$30 billion divestment program. The sale includes operatorship of two producing assets, Maui and Pohokura, and an exploratory position in the Great South Basin. This is an interesting deal, where both parties may well feel like they have walked away winners. Shell has disposed of non-core assets but avoided what could be a large abandonment liability given New Zealand's remote location, high costs and strong environmental focus. While OMV has acquired producing assets, with material resource upside that could be recaptured with the resumption of capital expenditure.
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Pohokura
- Maui
- Great South Basin
- Deal analysis
- Upsides and risks
-
Strategic rationale
- Buyer - OMV
- Seller - 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
- Upstream assets: Table 1
What's included
This report contains:
Other reports you may be interested in
Asset Report
Brigantine
Brigantine (previously known as Inde North East) is a collection of four gas fields located 97 kilometres northeast of Bacton on the ...
$3,720
Market Report
Asia Pacific levelised cost of electricity (LCOE) 2025 report
This report presents our latest comprehensive analysis on the evolving levelised cost of electricity (LCOE) landscape across Asia Pacific.
$13,990
Asset Report
Corvette
The Corvette gas field lies 85 kilometres northeast of the Norwich coast.The field was developed via a remotely controlled, ...
$3,720
