Hess To Acquire Additional 20% Interest In Tubular Bells Field
03/24/2011

Hess Corporation (Hess), agreed to acquire additional 20% interest in the Tubular Bells oil and gas field in the Gulf of Mexico from BP Plc (BP), for a purchase consideration of $40m.

Online PR News – 24-March-2011 – – Hess Corporation (Hess), agreed to acquire additional 20% interest in the Tubular Bells oil and gas field in the Gulf of Mexico from BP Plc (BP), for a purchase consideration of $40m. Tubular Bells, which was discovered in 2003, is a deepwater field approximately 135 miles southeast of New Orleans, Louisiana. Following the completion of the transaction, Hess will hold 40% interest, and Chevron and BP will each hold 30% interest in the Tubular Bells field

Scope

- Hess Corporation is enhancing its portfolio

Reasons to buy

- Develop a sound undestanding of the major M&A''s, Partnerships, And Joint Ventures taking place in Asian Oil & Gas industry
- Identify the most lucrative segments to leverage on the growth oppurtunities available in the Indian oil & gas market
- Get a detailed analysis of a deal to enable you to take better decisions

Table of Contents:

1 Table of Contents 1
1.1 List of Tables 1
1.2 List of Figures 1
2 Hess To Acquire Additional 20% Interest In Tubular Bells Field, Gulf of Mexico 1
2.1 Deal Overview 1
2.2 Deal in Brief 1
2.3 Hess Takes up The Operatorship of Tubular Bells Along with the Additional Interest from BP 1
2.4 BP May Save on Investment Costs by Selling Tubular Bells Operatorship 2
2.5 Deal Financials and Valuations 3
2.5.1 Companies Involved 3
2.5.2 Deal Financials 3
2.5.3 Detailed Target Information 4
2.5.4 Detailed Vendor Information 4
2.5.5 Detailed Acquirer Information 4
3 Appendix 4
3.1 Methodology 4
3.1.1 Coverage 4
3.1.2 Secondary Research 5
3.1.3 Primary Research 5
3.1.4 Expert Panel Validation 5
3.2 Contact Us 5
3.3 Email: info@globaldata.com 5
3.4 Disclaimer 5

1.1 List of Tables
Table 1: BP, Assets Transactions and Acquisitions Details, September 2010- April 20, 2010 3
Table 2: Companies Involved 3
Table 3: Financials of the Deal 3
Table 4: Target Information 4
Table 5: Vendor Information 4
Table 6: Acquirer Information 4

For more information kindly visit :
http://www.bharatbook.com/detail.asp?id=157933&rt=Hess-To-Acquire-Additional-20-Interest-In-Tubular-Bells-Field-Gulf-of-Mexico-Adding-Advantage-Of-Operatorship-Of-The-Field-To-Its-Portfolio-Deal-Analysis-From-GlobalData.html

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