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Deal Insight

Somoil acquires Galp's Angola assets

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24 February 2023

Somoil acquires Galp's Angola assets

Report summary

Somoil has agreed to buy Galp Energia's non-operated Angolan assets for a total consideration of US$830 million. Galp's portfolio includes interests in Block 14, Block 14K and Block 32. It is the latest acquisition in a busy 12 months for Somoil, as the ambitious indigenous player looks to become a leading integrated player in Angola and West Africa.

Table of contents

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

Tables and charts

This report includes 7 images and tables including:

  • Executive summary: Table 1
  • Galp's Angola assets
  • 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

What's included

This report contains:

  • Document

    Somoil acquires Galp's Angola assets

    PDF 3.32 MB