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 ...

What's included

This report contains

  • Document

    Shell exits the Wheatstone LNG project for US$1.135 billion

    PDF 1.01 MB

Table of contents

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

Tables and charts

This report includes 6 images and tables including:

Images

  • Wheatstone Project, WA

Tables

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3

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