Deal Insight
Sinopec acquires 49% in Talisman's UK North Sea Assets for US$1.5 billion
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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
Talisman has announced the divestment of a 49% share in its UK assets to Sinopec for a consideration of US$1.5 billion (£967 million). This is the largest UK-focused deal this year, and gives a further boost to a buoyant UK M&A market. The deal, along with CNOOC's acquisition of Nexen which was also announced on the same day, marks the first time a Chinese NOC has gained a material position in the UK upstream sector. Sinopec's acquisition implies there are opportunities ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
-
Upsides and risks
- Upside
- Risks
-
Strategic rationale
- Sinopec
- Talisman
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Recent Talisman UK forecast v achieved production
What's included
This report contains:
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