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Statoil sells stakes in assets offshore Norway, and West of Shetlands, to OMV, for US$2.65 billion

Statoil sells stakes in assets offshore Norway, and West of Shetlands, to OMV, for US$2.65 billion

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 ...

What's included?

This report includes 1 file(s)

  • Statoil sells stakes in assets offshore Norway, and West of Shetlands, to OMV, for US$2.65 billion PDF - 1.94 MB 8 Pages, 7 Tables, 2 Figures


The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

  • 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

In this report there are 9 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Upstream assets: Table 1
  • Deal analysis
    • Premium of consideration paid Vs Wood Mackenzie NPV10 base valuation
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Upsides and risks
  • Strategic rationale
    • OMV Production and Capex forecast
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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