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 ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
-
Upsides and risks
- Upside
- Risks
-
Strategic rationale
- Total
- ExxonMobil
- Oil & gas pricing and assumptions
Tables and charts
This report includes 6 images and tables including:
- 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
- Commercial asset value sensitivities (PV10)
What's included
This report contains:
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