2013-02-03 12:58:32 - Deal to Increase its Production Volume and Reserves in Middle East and Africa - Deal Analysis from GlobalData

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.


Full Report Details at
- www.fastmr.com/prod/532455_inpex_angola_to_acquire_999_stake_in_ ..


Scope

* 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 INPEX's 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.

Report Table of Contents:

1 Table of Contents
1 Table of Contents
1.1 List of Tables
1.2 List of Figures
2 INPEX Angola to Acquire 9.99% Stake in Block 14 from Total
2.1 Deal Overview
2.2 Deal in Brief
2.3 Deal is Expected to Increase INPEX's Middle East and Africa Production by around 10.3%
2.4 Total Has Divested Assets as Part of its Portfolio Restructuring
2.5 Deal Financials and Valuations
3 Appendix
3.1 Sources
3.2 Methodology
3.3 Contact Us
3.4 Disclaimer

List of Tables

1.1 List of Tables
Table 1: INPEX, Major Asset Transactions, January 2012 to Date
Table 2: Total, Major Divestments Around the World, January 2012 till present
Table 3: Companies Involved
Table 4: Target Information
Table 5: Acquirer Information
Table 6: Vendor Information

List of Figures

1.2 List of Figures
Figure 1: INPEX, Expected Increase in Middle East and Africa Production Due to the Acquisition (mboed), September 2012
Figure 2: INPEX, Location of Acquired Assets in Block 14, Offshore Angola, 2012

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