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6 Pages

Acreage grab in East Africa continues with Ophir Energy’s acquisition of Dominion Petroleum

Acreage grab in East Africa continues with Ophir Energy’s acquisition of Dominion Petroleum

Report summary

Ophir Energy is to acquire Dominion Petroleum in a predominantly share deal valued at US$186 million. The deal also includes a cash consideration of US$38 million for Dominion convertible notes. The offer is a 64% premium to Dominion's closing share price before the announcement.Dominion is an exploration company largely focused on East Africa, with acreage in Tanzania, Uganda and Kenya. The company does not hold any reserves: drilling to date has failed to deliver exploration ...

What's included?

This report includes 1 file(s)

  • Acreage grab in East Africa continues with Ophir Energy’s acquisition of Dominion Petroleum PDF - 567.29 KB 6 Pages, 2 Tables, 1 Figures


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
  • Transaction details
    • East Africa's acreage has attracted industry attention
  • Upstream assets
    • Dominion: diverse exploration portfolio focused on East Africa
    • Ophir: Pan-African Company reinforces its East Africa position
  • Strategic rationale
    • Dominion perspective
    • Ophir perspective
  • Oil & gas pricing and assumptions

In this report there are 3 tables or charts, including:

  • Executive summary
  • Transaction details
  • Upstream assets
  • Strategic rationale
    • Strategic rationale: Table 1
    • Dominion acreage
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
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