Mergers & Acquisitions Deal Analysis - Scottish and Southern Energy to Acquire UK Gas Assets from Hess

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					                   Mergers & Acquisitions Deal Analysis - Scottish and
                  Southern Energy to Acquire UK Gas Assets from Hess
       Reference Code: GDGE0114M&A                                                                                                              Publication Date: APRIL 2010

                                                                                                         Figure 4: Hess Corporation, Operations Map, 2010 .................. 3
                                                                                                         Figure 5: GlobalData Methodology............................................ 6
       1          Table of Contents
       1     Table of Contents ...............................................................1
          1.1     List of Tables ...............................................................1
          1.2     List of Figures..............................................................1         2         Scottish and Southern Energy to
       2 Scottish and Southern Energy to Acquire UK Gas Assets                                                     Acquire UK Gas Assets from Hess
       from Hess ..................................................................................1
          2.1     Deal Overview .............................................................1
          2.2     Deal in Brief.................................................................1        2.1       Deal Overview
          2.3     Hess’ Gas Assets Acquisition: An Opportunity for SSE                                       Table 1: Deal Overview
          to Enter the Upstream Gas Sector .........................................1
          2.4     SSE is Acquiring E&P Assets to Develop a Diversified                                       Deal Type                                        Asset Transactions
          Portfolio Because of Maturing Gas Supply Contracts ............3                                   Deal Status                                              Announced
          2.5     Sources of Finance .....................................................3
          2.6     Hess is Divesting its Non-Operated Assets to                                               Announced Date                                        Apr 01, 2010
          Optimally Develop its Business Portfolio................................3                          Source: GlobalData
          2.7     Deal Financials............................................................4
          2.8     Deal Rationale.............................................................4
          2.9     Detailed Target Information .........................................5
          2.10       Production and Reserves Information ....................5                           2.2       Deal in Brief
          2.11       Transaction Implied Values ....................................5
          2.12       Commodity Prices Information................................5                       Scottish and Southern Energy plc (SSE) reached an agreement
          2.13       Detailed Acquirer Information .................................5                    to acquire interests in a package of natural gas production and
          2.14       Detailed Vendor Information ...................................5                    transportation assets in the United Kingdom North Sea, from
       3 Appendix ............................................................................6          Hess Corporation (Hess) for a purchase consideration of $423
          3.1     About Energy eTrack...................................................6
          3.2     Methodology................................................................6           million in cash.
          3.3     Contact Us ..................................................................7         Following the completion of acquisition, SSE will assume
          3.4     Disclaimer ...................................................................7
                                                                                                         ownership of Hess' interests in the Everest and Lomond natural
                                                                                                         gas fields and the Central Area Transmission System in the
                                                                                                         central North Sea, together with the Bacton Corridor and
       1.1       List of Tables                                                                          Easington Catchment Area natural gas fields located in the
       Table 1: Deal Overview .............................................................1             Southern North Sea.
       Table 2: Hess Corporation, Major Divestment Details, March                                        The transaction is expected to close in the third quarter of 2010,
                2005- January 2010 ....................................................4
                                                                                                         subject to the usual UK government and partner consents.
       Table 3: Financials of the Deal, 2010 ........................................4
       Table 4: Target Information .......................................................5
       Table 5: Target’s Production and Reserves Information, 2010                                       2.3       Hess’ Gas Assets Acquisition: An
                ....................................................................................5              Opportunity for SSE to Enter the Upstream
       Table 6:Transaction Implied Values, 2010.................................5                                  Gas Sector
       Table 7: Commodity Prices in $, Last Close, 2010 ....................5
       Table 8: Acquirer Information ....................................................5               SSE is engaged in power generation, energy supply, water
       Table 9: Vendor Information ......................................................5               supply, home services, energy services, electricity networks
                                                                                                         management, contrac
				
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Description: Mergers & Acquisitions Deal Analysis - Scottish and Southern Energy to Acquire UK Gas Assets from Hess Summary Scottish and Southern Energy plc (SSE) reached an agreement to acquire interests in a package of natural gas production and transportation assets in the United Kingdom North Sea, from Hess Corporation (Hess) for a purchase consideration of $423 million in cash. Following the completion of acquisition, SSE will assume ownership of Hess' interests in the Everest and Lomond natural gas fields and the Central Area Transmission System in the central North Sea, together with the Bacton Corridor and Easington Catchment Area natural gas fields located in the Southern North Sea. The transaction is expected to close in the third quarter of 2010, subject to the usual UK government and partner consents Scope - Rationale behind Scottish and Southern Energy plc's acquisition of natural gas production and transportation assets - Strategic Benefits for Hess Corporation to divest its Canadian assets - Geography covered - UK - Deal Financials and Valuations - Information on Uk North Sea assets, Scottish and Southern Energy plc and Hess Corporation Reasons to buy - Develop a sound undestanding of the major M&A's, Partnerships, And Joint Ventures taking place in the European Oil & Gas industry - Identify the most lucrative segments to leverage on the growth oppurtunities available in the UK oil & gas market - Get a detailed analysis of a deal to enable you to take better decisions - Know about the major companies, which are adopting a divestment or acquisition strategy to enhance their business portfolios - Learn about the key fiancial advisors in a particular segment in the Oil & Gas Industry - Understand the various means of raising funds from the market.
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