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Total sells its Trinidad & Tobago assets to NGC for US$473 million

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01 October 2013

Total sells its Trinidad & Tobago assets to NGC for US$473 million

Report summary

The National Gas Company of Trinidad and Tobago Limited (NGC), the state gas company, has announced the acquisition of Total's upstream portfolio in Trinidad and Tobago for a consideration of US$473 million. The majority of the value lies in Total's 30% stake in the Angostura development in Block 2(c), which accounts for 2013 working interest production of around 15,000 boe/d (3,200 b/d oil and 67.5 mmcfd sales gas). NGC will also acquire an 8.5% stake in Block 3(a), and although ...

Table of contents

  • Executive summary
  • Transaction details
    • Angostura (Block 2(c))
    • Block 3(a)
  • Deal analysis
    • Angostura gas production upside
    • Potential tie-backs from smaller fields
    • Total
    • The National Gas Company of Trinidad and Tobago (NGC)
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 8 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
  • Total Trinidad and Tobago portfolio
  • Upstream assets: Table 1

What's included

This report contains:

  • Document

    Total sells its Trinidad & Tobago assets to NGC for US$473 million

    PDF 777.91 KB

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