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If you cannot find the new or used offshore rigs, vessels or equipment of any type, size or make that you are looking for, please send us an email to and we shall offer you.


 

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Premier Oil to Acquire 60% Interest in North Falkland Basin Licenses from Rockhopper Exploration for $1 Billion to become Operator of Sea Lion FPSO Development- Report
Worldoils Oil, Gas and Offshore Marketplace    

Equipment ID   : 1063
Equipment name   : Premier Oil to Acquire 60% Interest in North Falkland Basin Licenses from Rockhopper Exploration for $1 Billion to become Operator of Sea Lion FPSO Development- Report
Category   : Research Reports
Specifications   : Name of the Report :
Premier Oil to Acquire 60% Interest in North Falkland Basin Licenses
from Rockhopper Exploration for $1 Billion to become Operator of
Sea Lion FPSO Development


Published Date : 31-Jul-2012
No. of pages : 7

Table of Contents
1 Table of Contents
1 Table of Contents ... 1
1.1 List of Tables ... 1
1.2 List of Figures ... 1
2 Premier Oil to Acquire 60% Interest in North Falkland Basin Licenses from Rockhopper
Exploration for $1 Billion ... 1
2.1 Deal Overview ... 1
2.2 Deal in Brief ... 1
2.3 Premier Oil’s Expertise in Operating FPSOs Makes it an Apt Choice for Sea Lion
FPSO Project ... 2
2.4 Rockhopper to Farm Out its Stake in North Falkland Basin Licenses to Fund Sea Lion
Project and Further Exploration Activities ... 4
2.5 The Announcement has Spurred Tension between Argentina and the UK regarding the
Claim to the Archipelago ... 5
2.6 Deal Financials and Valuations ... 5

List of Tables
1.1 List of Tables
Table 1: North Falkland Basin, Details of Major Blocks Acquired by Premier Oil, 2012... 3
Table 2: Premier Oil, Major Acquisition Deal, 2010 to Date... 4
Table 3: Companies Involved... 5
Table 4: Financials of the Deal... 5
Table 5: Target Information... 5
Table 6: Target’s Production and Reserves Information... 5
Table 7: Company Valuation Multiples... 6
Table 8: Commodity Prices in $, Last Close... 6
Table 9: Acquirer Information... 6
Table 10: Vendor Information... 6

List of Figures
1.2 List of Figures
Figure 1: Sea Lion FPSO Development, 2012... 2

Summary
Premier Oil PLC (Premier Oil) agreed to acquire 60% interest in the North Falkland
basin licenses from Rockhopper Exploration PLC (Rockhopper) for a purchase
consideration of $1 billion. The company will fund the acquisition cost from a
combination of its existing cash resources, facilities and cash flow from operations.

The total exploration carry cost is estimated to be $120m ($48m for Rockhooper
and $72m for Premier Oil) and total development cost for Sea Lion project is
$1,800m ($722m for Rockhooper and $1,078m for Premier Oil). Under the terms
of the agreement, Premier Oil will initial pay $231m in cash plus an exploration
carry of up to $48m of Rockhopper's share, subject to field development plan
approval, a Rockhopper’s Sea Lion development carry of up to $722m. Additionally,
Premier Oil agreed to provide standby financing arrangement at Rockhopper’s
option to cover development expenses beyond the $722m.

Following the transaction, Premier Oil will become the operator of the Sea Lion
oil and gas development in the South Atlantic. The completion of the transaction is
subject to approval from the Falkland Islands government. The transaction implies
deal value of $5 per boe of contingent resources and $5.71 per boe of recoverable
reserves.

Scope
- Rationale behind Premier Oil's plan to acquire 60% interest in North Falkland
Basin Licenses
- Geography covered - Falkland Islands

Reasons to buy
- Develop a sound understanding of the Premier's plan of investing in North Falkland
basin, issues
and challenes in the region.
- Rationale behind the company's plan to acquire 60% interest in the North Falkland
basin.

Single User Price : $500
Site License Price : $1,000
Enterprisewide Price (Global Site License) : $1,500


To order this report, please send an email to mail@worldoils.com


Disclaimer
All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted
in any form by any means, electronic, mechanical, photocopying, recording or otherwise,
without the prior permission of the publisher.

The facts of this report are believed to be correct at the time of publication but cannot be
guaranteed. Please note that the findings, conclusions and recommendations that the
publisher delivers will be based on information gathered in good faith from both primary
and secondary sources, whose accuracy we are not always in a position to guarantee.
As such the publisher accept no liability whatever for actions taken based on any
information that may subsequently prove to be incorrect.

----------------------------------------------------------------------------
Search words (for official use only) :
North Falkland Basin, Details of Major Blocks Acquired by
Premier Oil, 2012
Target’s Production and Reserves Information
Premier Oil, Major Acquisition Deal, 2010 to Date.
Deal Financials and Valuations

--------------------------------------------------------------------------

     
Worldoils Oil, Gas and Offshore Marketplace
Worldoils Oil, Gas and Offshore Marketplace - Premier Oil to Acquire 60% Interest in North Falkland Basin Licenses from Rockhopper Exploration for $1 Billion to become Operator of Sea Lion FPSO Development- Report
Images
 
Premier Oil to Acquire 60% Interest in North Falkland Basin Licenses from Rockhopper Exploration for $1 Billion to become Operator of Sea Lion FPSO Develop
 

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The information contained herein is believed to be accurate but has not been verified. This equipment is subject to prior sale and sold “where-is as-is” with no warranties from Worldoils Pte Ltd or the Seller expressed or implied.
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If you cannot find the new or used offshore rigs, vessels or equipment of any type, size or make that you are looking for, please send us an email to and we shall offer you.

Premier Oil to Acquire 60% Interest in North Falkland Basin Licenses from Rockhopper Exploration for $1 Billion to become Operator of Sea Lion FPSO Development- Report
Worldoils Oil, Gas and Offshore Marketplace    Worldoils Oil, Gas and Offshore Marketplace

Equipment ID   : 1063
Equipment name   : Premier Oil to Acquire 60% Interest in North Falkland Basin Licenses from Rockhopper Exploration for $1 Billion to become Operator of Sea Lion FPSO Development- Report
Category   : Research Reports
Specifications   : Name of the Report :
Premier Oil to Acquire 60% Interest in North Falkland Basin Licenses
from Rockhopper Exploration for $1 Billion to become Operator of
Sea Lion FPSO Development


Published Date : 31-Jul-2012
No. of pages : 7

Table of Contents
1 Table of Contents
1 Table of Contents ... 1
1.1 List of Tables ... 1
1.2 List of Figures ... 1
2 Premier Oil to Acquire 60% Interest in North Falkland Basin Licenses from Rockhopper
Exploration for $1 Billion ... 1
2.1 Deal Overview ... 1
2.2 Deal in Brief ... 1
2.3 Premier Oil’s Expertise in Operating FPSOs Makes it an Apt Choice for Sea Lion
FPSO Project ... 2
2.4 Rockhopper to Farm Out its Stake in North Falkland Basin Licenses to Fund Sea Lion
Project and Further Exploration Activities ... 4
2.5 The Announcement has Spurred Tension between Argentina and the UK regarding the
Claim to the Archipelago ... 5
2.6 Deal Financials and Valuations ... 5

List of Tables
1.1 List of Tables
Table 1: North Falkland Basin, Details of Major Blocks Acquired by Premier Oil, 2012... 3
Table 2: Premier Oil, Major Acquisition Deal, 2010 to Date... 4
Table 3: Companies Involved... 5
Table 4: Financials of the Deal... 5
Table 5: Target Information... 5
Table 6: Target’s Production and Reserves Information... 5
Table 7: Company Valuation Multiples... 6
Table 8: Commodity Prices in $, Last Close... 6
Table 9: Acquirer Information... 6
Table 10: Vendor Information... 6

List of Figures
1.2 List of Figures
Figure 1: Sea Lion FPSO Development, 2012... 2

Summary
Premier Oil PLC (Premier Oil) agreed to acquire 60% interest in the North Falkland
basin licenses from Rockhopper Exploration PLC (Rockhopper) for a purchase
consideration of $1 billion. The company will fund the acquisition cost from a
combination of its existing cash resources, facilities and cash flow from operations.

The total exploration carry cost is estimated to be $120m ($48m for Rockhooper
and $72m for Premier Oil) and total development cost for Sea Lion project is
$1,800m ($722m for Rockhooper and $1,078m for Premier Oil). Under the terms
of the agreement, Premier Oil will initial pay $231m in cash plus an exploration
carry of up to $48m of Rockhopper's share, subject to field development plan
approval, a Rockhopper’s Sea Lion development carry of up to $722m. Additionally,
Premier Oil agreed to provide standby financing arrangement at Rockhopper’s
option to cover development expenses beyond the $722m.

Following the transaction, Premier Oil will become the operator of the Sea Lion
oil and gas development in the South Atlantic. The completion of the transaction is
subject to approval from the Falkland Islands government. The transaction implies
deal value of $5 per boe of contingent resources and $5.71 per boe of recoverable
reserves.

Scope
- Rationale behind Premier Oil's plan to acquire 60% interest in North Falkland
Basin Licenses
- Geography covered - Falkland Islands

Reasons to buy
- Develop a sound understanding of the Premier's plan of investing in North Falkland
basin, issues
and challenes in the region.
- Rationale behind the company's plan to acquire 60% interest in the North Falkland
basin.

Single User Price : $500
Site License Price : $1,000
Enterprisewide Price (Global Site License) : $1,500


To order this report, please send an email to mail@worldoils.com


Disclaimer
All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted
in any form by any means, electronic, mechanical, photocopying, recording or otherwise,
without the prior permission of the publisher.

The facts of this report are believed to be correct at the time of publication but cannot be
guaranteed. Please note that the findings, conclusions and recommendations that the
publisher delivers will be based on information gathered in good faith from both primary
and secondary sources, whose accuracy we are not always in a position to guarantee.
As such the publisher accept no liability whatever for actions taken based on any
information that may subsequently prove to be incorrect.

----------------------------------------------------------------------------
Search words (for official use only) :
North Falkland Basin, Details of Major Blocks Acquired by
Premier Oil, 2012
Target’s Production and Reserves Information
Premier Oil, Major Acquisition Deal, 2010 to Date.
Deal Financials and Valuations

--------------------------------------------------------------------------

     
Worldoils Oil, Gas and Offshore Marketplace
Worldoils Oil, Gas and Offshore Marketplace - Premier Oil to Acquire 60% Interest in North Falkland Basin Licenses from Rockhopper Exploration for $1 Billion to become Operator of Sea Lion FPSO Development- Report
Images
 
Premier Oil to Acquire 60% Interest in North Falkland Basin Licenses from Rockhopper Exploration for $1 Billion to become Operator of Sea Lion FPSO Develop
 

To enquire on this equipment, please send an email to

The information contained herein is believed to be accurate but has not been verified. This equipment is subject to prior sale and sold “where-is as-is” with no warranties from Worldoils Pte Ltd or the Seller expressed or implied.
Worldoils Oil, Gas and Offshore Marketplace    Worldoils Oil, Gas and Offshore Marketplace

 

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If you cannot find the new or used offshore rigs, vessels or equipment of any type, size or make that you are looking for, please send us an email to and we shall offer you.

Premier Oil to Acquire 60% Interest in North Falkland Basin Licenses from Rockhopper Exploration for $1 Billion to become Operator of Sea Lion FPSO Development- Report
Worldoils Oil, Gas and Offshore Marketplace    
Worldoils Oil, Gas and Offshore Marketplace

Equipment ID   : 1063
Equipment name   : Premier Oil to Acquire 60% Interest in North Falkland Basin Licenses from Rockhopper Exploration for $1 Billion to become Operator of Sea Lion FPSO Development- Report
Category   : Research Reports
 
Specifications  :
Name of the Report :
Premier Oil to Acquire 60% Interest in North Falkland Basin Licenses
from Rockhopper Exploration for $1 Billion to become Operator of
Sea Lion FPSO Development


Published Date : 31-Jul-2012
No. of pages : 7

Table of Contents
1 Table of Contents
1 Table of Contents ... 1
1.1 List of Tables ... 1
1.2 List of Figures ... 1
2 Premier Oil to Acquire 60% Interest in North Falkland Basin Licenses from Rockhopper
Exploration for $1 Billion ... 1
2.1 Deal Overview ... 1
2.2 Deal in Brief ... 1
2.3 Premier Oil’s Expertise in Operating FPSOs Makes it an Apt Choice for Sea Lion
FPSO Project ... 2
2.4 Rockhopper to Farm Out its Stake in North Falkland Basin Licenses to Fund Sea Lion
Project and Further Exploration Activities ... 4
2.5 The Announcement has Spurred Tension between Argentina and the UK regarding the
Claim to the Archipelago ... 5
2.6 Deal Financials and Valuations ... 5

List of Tables
1.1 List of Tables
Table 1: North Falkland Basin, Details of Major Blocks Acquired by Premier Oil, 2012... 3
Table 2: Premier Oil, Major Acquisition Deal, 2010 to Date... 4
Table 3: Companies Involved... 5
Table 4: Financials of the Deal... 5
Table 5: Target Information... 5
Table 6: Target’s Production and Reserves Information... 5
Table 7: Company Valuation Multiples... 6
Table 8: Commodity Prices in $, Last Close... 6
Table 9: Acquirer Information... 6
Table 10: Vendor Information... 6

List of Figures
1.2 List of Figures
Figure 1: Sea Lion FPSO Development, 2012... 2

Summary
Premier Oil PLC (Premier Oil) agreed to acquire 60% interest in the North Falkland
basin licenses from Rockhopper Exploration PLC (Rockhopper) for a purchase
consideration of $1 billion. The company will fund the acquisition cost from a
combination of its existing cash resources, facilities and cash flow from operations.

The total exploration carry cost is estimated to be $120m ($48m for Rockhooper
and $72m for Premier Oil) and total development cost for Sea Lion project is
$1,800m ($722m for Rockhooper and $1,078m for Premier Oil). Under the terms
of the agreement, Premier Oil will initial pay $231m in cash plus an exploration
carry of up to $48m of Rockhopper's share, subject to field development plan
approval, a Rockhopper’s Sea Lion development carry of up to $722m. Additionally,
Premier Oil agreed to provide standby financing arrangement at Rockhopper’s
option to cover development expenses beyond the $722m.

Following the transaction, Premier Oil will become the operator of the Sea Lion
oil and gas development in the South Atlantic. The completion of the transaction is
subject to approval from the Falkland Islands government. The transaction implies
deal value of $5 per boe of contingent resources and $5.71 per boe of recoverable
reserves.

Scope
- Rationale behind Premier Oil's plan to acquire 60% interest in North Falkland
Basin Licenses
- Geography covered - Falkland Islands

Reasons to buy
- Develop a sound understanding of the Premier's plan of investing in North Falkland
basin, issues
and challenes in the region.
- Rationale behind the company's plan to acquire 60% interest in the North Falkland
basin.

Single User Price : $500
Site License Price : $1,000
Enterprisewide Price (Global Site License) : $1,500


To order this report, please send an email to mail@worldoils.com


Disclaimer
All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted
in any form by any means, electronic, mechanical, photocopying, recording or otherwise,
without the prior permission of the publisher.

The facts of this report are believed to be correct at the time of publication but cannot be
guaranteed. Please note that the findings, conclusions and recommendations that the
publisher delivers will be based on information gathered in good faith from both primary
and secondary sources, whose accuracy we are not always in a position to guarantee.
As such the publisher accept no liability whatever for actions taken based on any
information that may subsequently prove to be incorrect.

----------------------------------------------------------------------------
Search words (for official use only) :
North Falkland Basin, Details of Major Blocks Acquired by
Premier Oil, 2012
Target’s Production and Reserves Information
Premier Oil, Major Acquisition Deal, 2010 to Date.
Deal Financials and Valuations

--------------------------------------------------------------------------

     
Worldoils Oil, Gas and Offshore Marketplace
Worldoils Oil, Gas and Offshore Marketplace - Premier Oil to Acquire 60% Interest in North Falkland Basin Licenses from Rockhopper Exploration for $1 Billion to become Operator of Sea Lion FPSO Development- Report
Images
 
Premier Oil to Acquire 60% Interest in North Falkland Basin Licenses from Rockhopper Exploration for $1 Billion to become Operator of Sea Lion FPSO Develop
 

To enquire on this equipment, please send an email to

The information contained herein is believed to be accurate but has not been verified. This equipment is subject to prior sale and sold “where-is as-is” with no warranties from Worldoils Pte Ltd or the Seller expressed or implied.
Worldoils Oil, Gas and Offshore Marketplace    
Worldoils Oil, Gas and Offshore Marketplace

 


 

If you cannot find the new or used offshore rigs, vessels or equipment of any type, size or make that you are looking for, please send us an email to and we shall offer you.


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