Deal Insight
Total sells a 20% stake in Greater Laggan Area to SSE for US$876 million
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Report summary
We value the upstream assets at US$676 million (£439 million) (NPV10, discounted to 1 January 2015). Although our valuation is lower than the purchase price, this excludes the value apportioned to the Shetland Gas Plant. We estimate that the 20% stake in the plant could be worth around US$198 million (£128 million) on a standalone basis.
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Greater Laggan Area
- Deal analysis
-
Upsides and risks
- Risks
- Upside
-
Strategic rationale
- SSE
- Total
- Oil & gas pricing and assumptions
Tables and charts
This report includes 7 images and tables including:
- Executive summary: 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
- Upstream assets: Table 1
What's included
This report contains:
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