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Total sells UK assets to Petrogas and HitecVision JV for US$635 million

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16 July 2019

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:

  • Document

    Total sells UK assets to Petrogas and HitecVision JV for US$635 million

    PDF 1.13 MB

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