Deal insight

Sinopec acquires 49% in Talisman's UK North Sea Assets for US$1.5 billion

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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 ...

What's included

This report contains

  • Document

    Sinopec acquires 49% in Talisman's UK North Sea Assets for US$1.5 billion

    PDF 389.99 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 7 images and tables including:

Images

  • Recent Talisman UK forecast v achieved production

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

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