Deal insight

Shell exits onshore Gabon with US$872m sale to Carlyle-backed Assala Energy

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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.

What's included

This report contains

  • Document

    Shell exits onshore Gabon with US$872m sale to Carlyle-backed Assala Energy

    PDF 327.35 KB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 10 images and tables including:

Images

  • Map of assets included in the transaction
  • Net liquids production profile

Tables

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • 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

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