Deal Insight
Shell exits onshore Gabon with US$872m sale to Carlyle-backed Assala Energy
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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 sold its portfolio onshore Gabon to the Carlyle Group, through subsidiary company Assala Energy, for US$872 million. Assala will acquire Shell’s participation in five operated and four non-operated licences, plus control of the Gamba terminal. The Super Major leaves behind potentially challenging abandonment work, but retains an exploration foothold in Gabon through its deepwater Leopard gas discovery. The transaction marks Assala’s entry as an operator in Sub-Saharan Africa. But maintaining output on ageing fields will not be easy. Dealing with local content and licence extension will also be key to maximise value.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
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Upsides and risks
- Upside
- Risks
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Strategic rationale
- Shell
- Assala Energy (Carlyle)
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Map of assets included in the transaction
- Upstream assets: Table 1
- Net liquids production profile
- Upstream assets: Table 2
- 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
What's included
This report contains:
