Deal Insight

OKEA acquires interest in Statfjord Area from Equinor for US$220 million

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Equinor has sold an interest in the Statfjord Area to OKEA for US$220 million. The deal includes interests in the Statfjord Unit, Statfjord Øst, Statfjord Nord and Sygna fields. Our valuation suggests this is a good deal for both sides. High valuations have been a trademark of M&A in Norway in recent years, supporting a sellers' market. But the late-life nature of the package and higher than average emission intensity likely explains why this package hasn't attracted a premium valuation. However, Equinor has monetised its interest in a high-equity, mature asset and has brought a strategically aligned partner into the area.

Table of contents

Tables and charts

This report includes the following images and tables:

  • Executive summary: Table 1
  • Transaction details: Table 1
  • Transaction details: Table 2
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • OKEA production profile
  • Equinor remaining emissions intensity

What's included

This report contains:

  • Document

    OKEA acquires interest in Statfjord Area from Equinor for US$220 million

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