Deal Insight

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

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01 August 2013

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 ...

Table of contents

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:

  • Document

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

    PDF 1.94 MB

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