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Bharat Vasandani Madhavan N. & Hari... Urvish Dave

Market & Company Research Store > Details

Year: 2012

Contents: 7 pages

Country: Ghana

Sector: Exploration and Production (Energy)
Statoil to Acquire 35% Interest in Deepwater Tano/Cape Three Points License in Offshore Ghana from Hess to Gain Early Entry in an Emerging Hydrocarbon Region - Deal Analysis from GlobalData

Summary

Statoil ASA (Statoil), agreed to acquire 35% working interest in the Deepwater Tano/Cape Three Points (DWT/CTP) license (Tano) located in offshore Ghana from Hess Corporation (Hess). Following the acquisition, Hess will hold 55% interest, Statoil will hold 35% working interest, and Ghana National Petroleum Corporation will hold the remaining 10% interest in the Ghana license. The transaction will be effective from January 1, 2012 and is subject to final approval by the Ghanaian authorities.

Scope

- Rationale behind the acquisition of Deepwater Tano/Cape Three Points from Hess by Statoil
- Stratigic benefits for the companies involved in the transaction
- Geography covered - Ghana

Reasons to buy

- Develop a sound understanding of the major M&A's, Partnerships, and Joint Ventures undertaken by Statoil. Rationale behind the acquisition of Deepwater Tano/Cape Three Points by Statoil.
- Identify the reason of acquisition of the asset by Statoil.

Keywords

Deepwater Tano/Cape Three Points
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