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8 Pages

Wintershall and Statoil swap asset interests in Norway (Swap Deal ID 12561)

Wintershall and Statoil swap asset interests in Norway (Swap Deal ID 12561)

Report summary

In a landmark deal in Norway, Statoil has announced its second major divestment in Norway in little over a year, while accessing one of the most exciting developments on the shelf. This has come as part of a swap with Wintershall that will see the German giant's Norwegian production increase from around 3,000 to 40,000 barrels of oil equivalent a day in 2013.The deal, announced on 22 October 2012, is effective from 1 January 2013. As part of this, Statoil will receive half of ...

What's included?

This report includes 1 file(s)

  • Wintershall and Statoil swap asset interests in Norway (Swap Deal ID 12561) PDF - 1017.88 KB 8 Pages, 2 Tables, 7 Figures


The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

  • Executive summary
  • Transaction details
  • Upstream assets
    • Statoil acquired assets
      • Edvard Grieg Area (15.0%)
    • Wintershall acquired assets
      • Brage Area (32.7%)
      • Gjøa (15.0%)
      • Vega Unit (30.0%)
  • Deal analysis
  • Upsides and risks
    • Wintershall
    • Statoil
  • Strategic rationale
    • Statoil
    • Wintershall
  • Oil & gas pricing and assumptions

In this report there are 9 tables or charts, including:

  • Executive summary
  • Transaction details
  • Upstream assets
    • Assets transferred from Statoil to Wintershall
    • Assets transferred from Wintershall to Statoil
    • Gross volumes associated with assets (Wood Mackenzie 2P Commercial Reserve estimates)
    • Statoil Wintershall swap acreage
  • Deal analysis
    • Wood Mackenzie Valuation - Upstream assets acquired by Wintershall
    • Wood Mackenzie Valuation - Upstream assets acquired by Statoil
    • Volumes Traded
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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