Deal insight

Total acquires a 12.09% interest in NOVATEK

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Report summary

Total and NOVATEK have formed a strategic relationship that will boost Total's mid to long term growth outlook and give NOVATEK access to the Majors' global industry experience and know how. The companies have signed 'Memoranda of Cooperation' covering two separate transactions: 1) Total will acquire a 12.08% stake in NOVATEK for US$4 billion with plans to increase this to 19.40% within 36 months; 2) Total will gain a 20% stake in Yamal LNG a proposed greenfield LNG ...

What's included

This report contains

  • Document

    Total acquires a 12.09% interest in NOVATEK

    PDF 900.02 KB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 8 images and tables including:

Images

  • NOVATEK and Total Russian assets
  • Wood Mackenzie forecast of NOVATEK production, plus best-case Yamal LNG upside* (gross)
  • Impact of NOVATEK equity on Total production outlook and resource base *

Tables

  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Upstream assets: Table 1

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