Deal insight
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4 Pages

ONGC pays $2.64 billion for 10% in Mozambique Area 1


ONGC pays $2.64 billion for 10% in Mozambique Area 1

Report summary

This is the fourth deal in Mozambique's emerging LNG space in the past 18 months, all with NOC buyers. Anadarko crystallises some of the value of its position, ahead of project development, at an attractive price. The company retains 26.5% and operatorship of Area 1. ONGC increases its stake to 16%, adding to the position it acquired from Videocon earlier this year. What does this deal change? The cost of buying in to Mozambique LNG has increased - this deal was done at a 6% premium ...

What's included?

This report includes 1 file(s)

  • ONGC pays $2.64 billion for 10% in Mozambique Area 1 PDF - 975.87 KB 4 Pages, 2 Tables, 2 Figures

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

  • Executive summary
    • What does this deal change?
    • What next for Anadarko?
  • Transaction details
  • Oil & gas pricing and assumptions

In this report there are 4 tables or charts, including:

  • Executive summary
  • Transaction details
    • Transaction details: Table 1
    • Transaction details: Image 1
    • Mozambique Area 1 and Area 4 Map
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
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