Deal insight

Statoil sells Norwegian assets to Wintershall for US$1.3bn

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Report summary

Wintershall will acquire interests in the Aasta Hansteen Area and Asterix developments and increase its share in the Gjøa and Vega fields. It will also gain an interest in the Polarled pipeline project and four exploration licences. The consideration is US$1.25 billion (plus a further US$0.05 billion contingent). We value the acquired assets at US$1.1 billion. The difference can be attributed to a number of factors including Wintershall's higher reserves estimate.

What's included

This report contains

  • Document

    Statoil sells Norwegian assets to Wintershall for US$1.3bn

    PDF 311.66 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 6 images and tables including:

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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