Deal insight

Total sells its operated Norwegian assets to Statoil for US$1.45 billion

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Report summary

Total has announced the sale of its only two operated assets in Norway, to Statoil for US$1.45 billion. This comes off the back of the French Major's acquisition of Maersk Oil, and its decision to locate North Sea operational headquarters in Copenhagen. Statoil will pick up 51% of the under-development Martin Linge project (taking its stake to 70%; the Norway state holds the remaining 30%), and a 40% stake in pre-FID Garantiana (partners are Aker BP and Point Resources).We value the ...

What's included

This report contains

  • Document

    Total sells its operated Norwegian assets to Statoil for US$1.45 billion

    PDF 294.59 KB

Table of contents

  • Executive summary
  • Transaction details
    • Martin Linge
    • Garantiana
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 8 images and tables including:

Images

  • Statoil and Total pre-deal costs and production in Martin Linge and Garantiana

Tables

  • 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

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