Total Acquires Additional 25% Interest in Gorgoglione Concession, Considering Tempa Rossa (Re development) Field’s Proximity to Existing Infrastructure - Deal Analysis from GlobalData

Date: April 12, 2012
Pages: 6
Price:
US$ 500.00
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Publisher: GlobalData
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: T62784F6334EN
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Total Acquires Additional 25% Interest in Gorgoglione Concession, Considering Tempa Rossa (Re development) Field’s Proximity to Existing Infrastructure - Deal Analysis from GlobalData
Total Acquires Additional 25% Interest in Gorgoglione Concession, Considering Tempa Rossa (Re development) Field’s Proximity to Existing Infrastructure - Deal Analysis from GlobalData

Summary

Total S.A (Total), a diversified energy company, completed the acquisition of an additional 25% interest in Gorgoglione concession, which includes Tempa Rossa (re development) field, and 51.7% interest in each of two exploration licenses located in the Basilicata region, Southern Italy, from Esso Italiana S.r.l (Exxon), a company engaged in the extraction and refining of crude petroleum and natural gas. The acquisition enables Total to strengthen its position in the exploration and production sector in Italy.

Scope
  • Rationale behind Exxon selling Gorgoglione concession to Total
  • Stratigic benefits for the companies involved in the transaction
  • Geography covered - Italy

Reasons to buy
  • Develop a sound understanding of the major M&A's, Partnerships, and Joint Ventures undertaken by Total and reason for Exxon selling Gorgoglione concession.
  • Plan project locations and project types to capitalize on the growing E&P market.
  • Identify the most suitable region to invest in new E&P assets.

Keywords

Gorgoglione concession, Tempa Rossa (re development), Basilicata region, Southern Italy, exploration, production, Potenza
1 TABLE OF CONTENTS

1.1 List of Tables
1.2 List of Figures

2 TOTAL ACQUIRES ADDITIONAL 25% INTEREST IN GORGOGLIONE CONCESSION

2.1 Deal Overview
2.2 Deal in Brief
2.3 Total Consolidates its Position in Tempa Rossa (Re development) Field, Considering the Field’s Proximity to Existing Pipeline Infrastructure
2.4 Total was Facing Legal Hurdles in the Development of Tempa Rossa (Re development) Field
  2.4.1 Exxon has been Restructuring its Portfolio of Assets across the Globe
2.5 Deal Financials and Valuations
  2.5.1 Companies Involved
  2.5.2 Deal Financials
  2.5.3 Deal Rationale
  2.5.4 Detailed Target Information
  2.5.5 Detailed Acquirer Information
  2.5.6 Detailed Vendor Information

3 APPENDIX

3.1 Methodology
  3.1.1 Coverage
  3.1.2 Secondary Research
  3.1.3 Primary Research
  3.1.4 Expert Panel Validation
3.2 Contact Us
3.3 Disclaimer

LIST OF TABLES

Table 1: Exxon, Major Divestments, January 2010 – March 2012
Table 2: Companies Involved
Table 3: Financials of the Deal
Table 4: Target Information
Table 5: Acquirer Information
Table 6: Vendor Information

LIST OF FIGURES

Figure 1: Tempa Rossa (Re Development), Location Map of Asset, 2012
Figure 2: Exxon, Net Asset Sale, $m, 2009 – 2011

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