Deal insight

Total acquires ExxonMobil's Italian upstream assets

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Report summary

Total has announced the acquisition of ExxonMobil's Italian upstream portfolio including a 25% interest in Italy's second largest oil field Tempa Rossa which is currently under development. Our base case valuation of the portfolio is US$671 million attributed completely to Tempa Rossa. No consideration has been disclosed. The acquisition consolidates Total's interest in the Tempa Rossa development increasing its stake to 75%. The move will increase Total's exposure ...

What's included

This report contains

  • Document

    Total acquires ExxonMobil's Italian upstream assets

    PDF 325.70 KB

Table of contents

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

Tables and charts

This report includes 6 images and tables including:

Images

  • Commercial asset value sensitivities (PV10)

Tables

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

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