Deal Insight
Total buys 16.33% in Libya's Waha for US$450m from Marathon
Report summary
Total has agreed to acquire Marathon Oil Libya Limited from Marathon Oil. The deal centres around Marathon's sole asset: 16.33% of the Waha concessions in northern Libya. Waha has produced for decades, but in recent years has produced far below capacity. This is primarily due to a lack of investment pre-civil war, the civil war itself which has caused production at most fields to shut-in since 2011.
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Waha Operated Fields
- Deal analysis
-
Upsides and risks
- Upsides
- Risks
-
Strategic rationale
- Marathon Oil
- Total
- Oil & gas pricing and assumptions
Tables and charts
This report includes 13 images and tables including:
- Valuation under multiple scenarios (base case production levels)
- Executive summary: Table 1
- Asset location
- Waha concessions
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Upstream assets: Table 1
- Wood Mackenzie Waha production scenarios (gross)
- Upsides and risks: Table 1
- Upsides and risks: Table 2
What's included
This report contains:
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