Deal Insight

Total sells Norwegian asset package to PGNiG

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Total announced that it had agreed the sale of a Norwegian asset package to PGNiG for a consideration of US$290 million. This is the first deal against its new US$10 billion disposal target. Total will exit the Morvin, Vale and Vilje producing fields and reduce its share in the Gina Krog development. We value the effect of adding the acquired assets to the PGNiG portfolio at US$345 million.

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • 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
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • PGNiG Norwegian production and cash flow pre- and post-deal
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

What's included

This report contains:

  • Document

    Total sells Norwegian asset package to PGNiG

    PDF 323.45 KB