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7 Pages

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


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 ...

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  • Total sells its Trinidad & Tobago assets to NGC for US$473 million PDF - 777.91 KB 7 Pages, 7 Tables, 1 Figures

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

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

In this report there are 8 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Total Trinidad and Tobago portfolio
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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