Deal insight

Shell sells deepwater GoM assets Brutus and Glider for US$425 million plus royalty interest

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Report summary

Shell is divesting two relatively mature assets (7% of Shell's total deepwater GoM production) as a part of the company's effort to globally divest US$30 billion between 2016 and 2018. The sale is Shell's first material upstream divestment in 2016. The deal follows EnVen's US$205 million acquisition of Marathon's legacy assets and represents a transformational acquisition for the private equity-backed company.

What's included

This report contains

  • Document

    Shell sells deepwater GoM assets Brutus and Glider for US$425 million plus royalty interest

    PDF 845.84 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 9 images and tables including:

Images

  • Brutus and Glider Map

Tables

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Deal analysis: Table 4
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

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