Deal Insight
Shell exits the Wheatstone LNG project for US$1.135 billion
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Report summary
Shell has announced that it will sell its 6.4% stake in the Wheatstone LNG project and its 8% stake in the upstream development of the Wheatstone and Iago fields to Kuwait Foreign Petroleum Exploration Company (KUFPEC) for a cash consideration of US$1,135 million. Our base case valuation of the deal is US$1,214 million (NPV10, discounted from an assumed effective date of January 2014). Wheatstone is a two-train 8.9 mmtpa LNG project that will be supplied by the Chevron-operated ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
-
Strategic rationale
- Shell
- KUFPEC
-
Oil & gas pricing and assumptions
- Production
- Discount rate and date
- Inflation
- Oil price
- LNG price
- Abandonment costs
Tables and charts
This report includes 6 images and tables including:
- Executive summary: Table 1
- Wheatstone Project, WA
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
What's included
This report contains:
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