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Total acquires additional stake in Laggan and Tormore from Eni and Chevron

Total acquires additional stake in Laggan and Tormore from Eni and Chevron

Report summary

In March 2010, at the same time as it announced the start of field development, Total revealed the acquisition of an incremental 30% stake in the Laggan and Tormore development from Eni (20%) and Chevron (10%) for an undisclosed amount, taking its total interest in the project to 80%.Laggan and Tormore will be the first gas fields in the West of Shetlands to be developed. As part of the project, a new gas export route will be installed. Two new multiphase, 140 kilometre-long gas and ...

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  • Total acquires additional stake in Laggan and Tormore from Eni and Chevron PDF - 312.47 KB 5 Pages, 6 Tables, 0 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
    • Laggan and Tormore
  • Deal analysis
  • Upsides and risks
    • Risks
    • Upside
  • Strategic rationale
    • Total Perspective
    • Eni Perspective
    • Chevron Perspective
  • Oil & gas pricing and assumptions

In this report there are 6 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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