Deal Insight
Statoil sells stakes in assets offshore Norway, and West of Shetlands, to OMV, for US$2.65 billion
This report is currently unavailable
Report summary
OMV will acquire interests in the Gullfaks and Gudrun fields, in the Norwegian North Sea, and in the Schiehallion and Rosebank fields, West of Shetlands. According to the parties involved, the divested assets produced 26,000 boe/d in 2013 and hold reserves of approximately 320 mmboe.We value the assets acquired at US$2.2 billion, which implies a long term oil price of US$100/bbl. Though there are potential upsides to our modelled base case, OMV has indicated that it assumed a US$100/bbl ...
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Gullfaks
- Gudrun
- Schiehallion
- Rosebank
- Deal analysis
-
Upsides and risks
- Upsides
- Risks
-
Strategic rationale
- OMV
- Statoil
- Oil & gas pricing and assumptions
Tables and charts
This report includes 9 images and tables including:
- Executive summary: Table 1
- Premium of consideration paid Vs Wood Mackenzie NPV10 base valuation
- 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
- OMV Production and Capex forecast
What's included
This report contains:
Other reports you may be interested in
Insight
Ørsted changes tack and sets a more conservative course
Ørsted significantly cut back its growth expectations, lowered portfolio risk and suspended dividends in its latest capital markets update.
$1,050
Asset Report
Vestprosess
The Vestprosess system includes the NGLs pipeline from the Kollsnes gas terminal and the Sture oil terminal to the Mongstad refinery.
$2,150
Insight
The Middle East steps on the gas
What is driving the impressive growth of the gas sector in the Middle East?
$1,350
