Deal Insight
OKEA acquires interest in Statfjord Area from Equinor for US$220 million
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
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
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
-
Upsides and risks
- Upsides
- Downsides
-
Strategic rationale
- OKEA
- Equinor
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:
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