Deal Insight
Statoil doubles down on pre-salt Carcara field with US$379 million acquisition of QGEP's 10% stake
Report summary
The acquisition includes the Carcará discovery, which extends to the north into open acreage, and the Guanxuma prospect, located in the western portion of the block. The nominal US$379 million consideration will be paid in three instalments and is in line with the valuation made for the acquisition of Petrobras' 66% stake for US$2.5 billion in July 2016.
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Carcará
- Bid round for Carcara extension
- Guanxuma
- Deal analysis
-
Upsides and risks
- Reserves upside
- Local content
- Unitisation risks
- High pressure
- Gas monetisation
-
Strategic rationale
- Statoil
- Queiroz Galvão E&P (QGEP)
- Oil & gas pricing and assumptions
Tables and charts
This report includes 7 images and tables including:
- 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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