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5 Pages

Total acquires ExxonMobil's Italian upstream assets


Total acquires ExxonMobil's Italian upstream assets

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 ...

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  • Total acquires ExxonMobil's Italian upstream assets PDF - 325.70 KB 5 Pages, 5 Tables, 1 Figures

Description

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
  • Deal analysis
  • Upsides and risks
    • Upside
    • Risks
  • Strategic rationale
    • Total
    • ExxonMobil
  • Oil & gas pricing and assumptions

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

  • Executive summary
  • Transaction details
  • Upstream assets
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
  • Upsides and risks
    • Commercial asset value sensitivities (PV10)
  • 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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