Deal insight

Statoil doubles down on pre-salt Carcara field with US$379 million acquisition of QGEP's 10% stake

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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.

What's included

This report contains

  • Document

    Statoil doubles down on pre-salt Carcara field with US$379 million acquisition of QGEP's 10% stake

    PDF 295.76 KB

Table of contents

  • Executive summary
  • Transaction details
    • Carcará
    • Bid round for Carcara extension
    • Guanxuma
  • Deal analysis
    • Reserves upside
    • Local content
    • Unitisation risks
    • High pressure
    • Gas monetisation
    • Statoil
    • Queiroz Galvão E&P (QGEP)
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 7 images and tables including:

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

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