Deal Insight
Total doubles down in Denmark - acquiring Chevron Denmark Inc.
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Total is set to become the largest player in Denmark after its acquisition Chevron's Denmark business. The deal will see Total increase its stake in the Danish Underground Consortium, a joint venture between Total, Shell, Chevron and Nordsøfonden. This deal marks another stage in the changing of the guard in Denmark, after 2017 saw a number of legacy players exit the Danish Shelf, including Maersk Oil and DONG Energy. Now, Chevron will be added to the list as it focuses on its tight oil position in the Permian and commercialising recent exploration success in the deepwater Gulf of Mexico. As for Total, it has positioned itself as the leading operator in Denmark, following its acquisition of Maersk's upstream business. It will hold the largest stake in the DUC partnership that dominates production in Denmark.
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 the following images and tables:
- Executive summary: Table 1
- 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
What's included
This report contains:
Other reports you may be interested in
Asset Report
Gassled-Norpipe Gas
Norpipe Gas was the first gas pipeline system to be constructed in the Norwegian sector.
$2,580
Asset Report
Denmark ceased fields
This report covers the fields that have ceased producing in the Central Graben area of the Danish ...
$3,720
Asset Report
Fredericia Oil Terminal
The Fredericia Oil terminal is located on the east Jutland coast and serves all the fields which export via the Gorm-Fredericia oil ...
$2,580
