Deal Insight
Total sells its operated Norwegian assets to Statoil for US$1.45 billion
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 ...
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- 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:
- Executive summary: Table 1
- Statoil and Total pre-deal costs and production in Martin Linge and Garantiana
- 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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