One-Page Deal Sheet
Total Acquires Maersk Oil in Deal Worth $7.45 Billion
Total SA Maersk Oil
Announced Date
August 22,2017
Effective Date
July 01,2017
Close Date
March 08,2018
Transaction Type
Corporate
Enterprise Value (EV)($MM)
7450
Asset/Basin:
{"North Sea","Gulf of Mexico"}
TargetZones:
{Wilcox}
Location
Region
North Sea,South America,Gulf of Mexico,Middle East,International,Africa - West Africa
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Total has agreed to acquire Maersk Oil in a deal worth $7.45 billion ($4.95 billion in Total shares and an assumption of $2.5 billion of Maersk Oil debt).
This transaction will make Total the second largest operator in the NW Europe offshore region which is the 7th largest oil and gas producing region globally. Post completion, Total will operate over 500 kboe/d (gross) production in this region.
Highlights of what Total gains with this transaction:
Around 1 billion boe of 2P/2C reserves, 85% of which are in OECD countries (more than 80% in the North Sea) The addition of 160 kboe/d of…| Date | Deal Headline | Price | $/acre |
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