Deal Insight
Total sells UK assets to Petrogas and HitecVision JV for US$635 million
Report summary
Petrogas NEO UK Ltd is acquiring a portfolio of UK assets from Total for US$635 million. The buyer, a joint venture between NEO E&P (an investment platform owned by private equity fund HitecVision) and Omani oil group Petrogas (owned by MB Holding Group), is a new entrant to the UK North Sea. The combination of Petrogas and HitecVision represents another tranche of new investment in the region and advances the ever-changing corporate landscape in the UK upstream sector.
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
- Map
- Upstream assets: 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
What's included
This report contains:
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