Deal Insight
TotalEnergies and SOCAR sell 30% interest in Absheron to ADNOC
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
TotalEnergies and SOCAR have each agreed to sell a 15% stake in Azerbaijan's producing deepwater Absheron gas-condensate field to ADNOC. Upon completion, ADNOC will own a 30% participation, with SOCAR and TotalEnergies each holding interests of 35%. No consideration has been disclosed.
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Overview
- Phase One
- Oil and gas marketing
- Deal analysis
-
Upsides and risks
-
Upsides
- Pre-FID Phase One will significantly boost production
- Giant resource base and long contract period could support further expansion
-
Risks
- Condensate sales underpin commerciality
- Supply chain constraints complicate future development plans
-
Upsides
-
Strategic rationale
- ADNOC
- SOCAR
- TotalEnergies
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Upstream assets: Table 1
What's included
This report contains:
Other reports you may be interested in
Country Report
Russian Federation upstream summary
Russia is one of the top oil producers in the world, alongside Saudi Arabia and the US. It has the world's largest volume of gas ...
$11,340
Asset Report
Neftisa Fields
Neftisa owns and operates fields in the Volga-Urals, West Siberia and Timan-Pechora. Most of its portfolio comes from the former ...
$3,720
Asset Report
Tatneft Fields
Tatneft is the fifth largest oil producer in Russia. Approximately 50% of Tatneft's annual production comes from Romashkinskoye ...
$3,720
