INPEX Angola to Acquire 9.99% Stake in Block 14 from Total to Increase
its Production Volume and Reserves in Middle East and Africa Deal
Analysis from GlobalData
Summary
INPEX Angola Block 14 Ltd., an affiliate of INPEX Corporation (INPEX), has agreed to acquire a 9.99% indirect interest in Block 14, offshore Angola, from Total S.A. (Total). Prior to the transaction, Total had a 20% stake in the block. Total intends to transfer its 20% stake in Block 14 to a newly-formed Total affiliate, Angola Block 14 B.V., in which INPEX will become a shareholder. Following the transaction, Total will own a 10.01% stake, while Cabinda Gulf Oil Company Limited, Sonangol Pesquisa e Producao, S.A., Eni Angola Exploration, B.V. and Galp Exploracao e Producao Petrolifera, S.A. will continue to own 31%, 20%, 20% and 9% of the block, respectively. The transaction remains subject to certain conditions, including the approval of Angolan authorities.
- Rationale behind INPEX Angola acquiring 9.99% Stake in Block 14 from Total.
- To understand the rational behind Total divesting assets as part of its portfolio restructuring.
- Geography Covered- Angola.
Reasons to buy
- Develop a sound understanding about how the deal is expected to increase INPEXs Middle East and Africa production by around 10.3%.
- To know more about how the acquisition of Block 14 in offshore Angola will enable INPEX to increase its production volume and reserves.
- To have an understanding of Total divesting assets periodically as part of its portfolio restructuring.
- To Read The Complete Report with TOC: http://www.marketresearchreports.biz/analysis/158930
Summary
INPEX Angola Block 14 Ltd., an affiliate of INPEX Corporation (INPEX), has agreed to acquire a 9.99% indirect interest in Block 14, offshore Angola, from Total S.A. (Total). Prior to the transaction, Total had a 20% stake in the block. Total intends to transfer its 20% stake in Block 14 to a newly-formed Total affiliate, Angola Block 14 B.V., in which INPEX will become a shareholder. Following the transaction, Total will own a 10.01% stake, while Cabinda Gulf Oil Company Limited, Sonangol Pesquisa e Producao, S.A., Eni Angola Exploration, B.V. and Galp Exploracao e Producao Petrolifera, S.A. will continue to own 31%, 20%, 20% and 9% of the block, respectively. The transaction remains subject to certain conditions, including the approval of Angolan authorities.
- For All Reports Kindly Visit: http://www.marketresearchreports.biz/
- Rationale behind INPEX Angola acquiring 9.99% Stake in Block 14 from Total.
- To understand the rational behind Total divesting assets as part of its portfolio restructuring.
- Geography Covered- Angola.
Reasons to buy
- Develop a sound understanding about how the deal is expected to increase INPEXs Middle East and Africa production by around 10.3%.
- To know more about how the acquisition of Block 14 in offshore Angola will enable INPEX to increase its production volume and reserves.
- To have an understanding of Total divesting assets periodically as part of its portfolio restructuring.
- To Buy a Copy Of This Report: http://www.marketresearchreports.biz/analysis/158930
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