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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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 ...

Table of contents

Tables and charts

This report includes 8 images and tables including:

  • 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
  • Wood Mackenzie NPV sensitivity analysis under Base price scenario

What's included

This report contains:

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

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