Deal insight

Pavilion Energy buys into Tanzania deepwater with US$1.3 billion Ophir deal

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

For further information about this report submit the form below.

Report summary

Marking the first deal in Tanzania's proposed LNG project Pavilion Energy a Temasek Holdings subsidiary will pay Ophir Energy US$1.288 billion for a 20% stake in Blocks 1 3 and 4. Ophir retains 20% in the blocks.The offer is broadly in line with prices paid for equity in neighbouring Mozambique on a $/mcf basis and based on our underlying valuation of the deal. Our analysis indicates that the buyer is factoring upside beyond the initial development and resources discovered so ...

What's included

This report contains

  • Document

    Pavilion Energy buys into Tanzania deepwater with US$1.3 billion Ophir deal

    PDF 1.76 MB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 8 images and tables including:

Images

  • Wood Mackenzie's NPV sensitivities; development scenario, discount rate and LNG price (2013 terms)
  • Pavilion Energy's share of gas production showing upside scenarios
  • Tanzania Blocks 1, 3 and 4

Tables

  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898