Deal Insight
PETRONAS acquires Montney assets from Talisman for Cdn$1.5 billion
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Report summary
Talisman is to sell 127,000 net acres in the Montney (Canada) to PETRONAS subsidiary Progress Energy for US$1.44 billion. The deal includes a 50% interest the Farrell Creek and Cypress A lands (Sasol holds the other 50% interest), plus acreage in the Greater Cypress area. Under our base case, we value the assets at US$1.2 billion. This assumes that around 70% of the land can be commercially developed, and that all gas is sold into North American markets.For PETRONAS, however, this deal is ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
-
Deal analysis
- Acreage valuation
-
Upsides & risks
- LNG drives deal upside for PETRONAS
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Strategic rationale
- Talisman
- Oil & gas pricing and assumptions
Tables and charts
This report includes 7 images and tables including:
- Executive summary: Table 1
- Upstream assets: Table 1
- Deal analysis: Table 1
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Deal analysis: Table 2
- Deal analysis: Table 3
What's included
This report contains:
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