Deal Insight
Var Energi acquires Neptune Energy's Norway business for US$2.3 billion
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Eni and Vår Energi have agreed to a US$4.9 billion deal to acquire private equity backed Neptune Energy Group. This Deal Insight focuses on the valuation of Vår Energi's acquisition of the Neptune Norway business. Oslo-listed Vår Energi is 63% owned by Eni. For a full analysis of Eni's acquisition of Neptune Global Business see this Deal Insight. Vår Energi will acquire Neptune's Norway business for US$2.275 billion, effective January 2023.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Neptune Energy reserves and resources
- Var Energi and Neptune Energy combined production outlook
- Oil & gas pricing and assumptions: Table 1
What's included
This report contains:
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