Deal insight

Total pre-empt's Eni's proposed US$800 million acquisition of GDF Suez' stake in Elgin and Franklin

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Report summary

GdF Suez has agreed to sell its 22.5% interest in EFOG a joint venture between GdF Suez and Total to Eni for a consideration of US$803 million. The deal includes a 10.39% interest in the Elgin Franklin and West Franklin fields and 5.79% in the SEAL pipeline.The deal is another step in GdF Suez' ongoing portfolio restructuring: the company is targeting 10 billion of non core asset disposals in order to strengthen the balance sheet. For Eni the deal represents the ...

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This report contains

  • Document

    Total pre-empt's Eni's proposed US$800 million acquisition of GDF Suez' stake in Elgin and Franklin

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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 8 images and tables including:

Images

  • Wood Mackenzie NPV sensitivity analysis under Base price scenario

Tables

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • 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

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