Deal insight
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7 Pages

Total increases its interest in Ichthys to 30%

Total increases its interest in Ichthys to 30%

Report summary

Total has increased its stake in the Ichthys LNG project from 24% to 30%, by acquiring a further 6% from operator INPEX Corporation. INPEX's equity will be reduced to 66%. A transaction had been expected, with the deal first suggested in 2011.Ichthys is a strategically important asset for Total. It has one of the industry's leading LNG portfolios and, having been historically lightweight in Australia, has used acquisitions to build a material portfolio of greenfield LNG ...

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  • Total increases its interest in Ichthys to 30% PDF - 486.17 KB 7 Pages, 7 Tables, 1 Figures


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
    • Ichthys LNG
    • WA-285-P
  • Deal analysis
  • Upsides and risks
    • Cost Escalation
    • Timing of First Gas
    • Exploration and Expansion
  • Strategic rationale
    • Total
    • INPEX Corporation
    • Project Specific Pricing Assumptions
      • LNG
      • JCC
      • Condensate
  • Oil & gas pricing and assumptions

In this report there are 8 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
    • Transaction details: Table 1
  • Upstream assets
    • Upstream assets: Table 1
    • Map
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
  • Upsides and risks
  • 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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