Deal Insight
Tullow acquires Nuon E&P from Vattenfall for €300 million
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Report summary
Tullow has acquired the Dutch upstream assets of Vattenfall (held by subsidiary Nuon E&P) for €300 million. The deal includes non-operated interests in 38 commercial fields and a number of technical discoveries, spread over 16 licences, as well as interests in the West Gas Transport pipeline systems and onshore terminal. Our analysis suggests an Implied Long-term Oil Price of US$68/bbl - on the low side of recent market trends. Based on our assumed linkage between Dutch gas ...
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 10 images and tables including:
- Executive summary: Table 1
- Nuon interests
- Upstream assets: Table 1
- Upstream assets: Table 2
- Wood Mackenzie forecasts of annual production and costs (net to Tullow)
- 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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