Deal insight
Total sells its Trinidad & Tobago assets to NGC for US$473 million
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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 ...
What's included
This report contains
Table of contents
- 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
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Strategic rationale
- 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:
Images
- Total Trinidad and Tobago portfolio
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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