Deal Insight
Statoil acquires a 12% equity stake in Lundin for US$540 million
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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
Statoil has acquired an 11.93% equity stake in Stokholm-listed Lundin Petroleum. No new equity was issued; the stock was acquired in the open market. The acquisition adds to Statoil's core portfolio in Norway at what could be a low point in the price cycle. With the Lundin family still controlling 31.4% of the company, the move effectively heads-off any threat of a rival bid for Lundin, and gives Statoil a position from which it might build a bigger stake over time. The deal signals Statoil's confidence in the Johan Sverdrup project, which is a crucial project for both companies. The deal may also help align interests in the Barents, where a joint development between Statoil's Johan Castberg and Lundin's Gohta and Alta discoveries could improve the economics of both areas.
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Johan Sverdrup
- Edvard Grieg
- Other assets
- Exploration and appraisal
- Deal analysis
-
Upsides and risks
- Barents sea
- Johan Sverdrup
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Upstream assets: Table 1
What's included
This report contains:
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