Deal Insight
Wintershall and Statoil swap asset interests in Norway (Swap Deal ID 12561)
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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 ...
Table of contents
- 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%)
-
Statoil acquired assets
- Deal analysis
-
Upsides and risks
- Wintershall
- Statoil
-
Strategic rationale
- Statoil
- Wintershall
- Oil & gas pricing and assumptions
Tables and charts
This report includes 9 images and tables including:
- Wood Mackenzie Valuation - Upstream assets acquired by Wintershall
- Wood Mackenzie Valuation - Upstream assets acquired by Statoil
- Volumes Traded
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- 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
What's included
This report contains:
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