Deal Insight

Addax Petroleum acquires Shell's 80% interest in Pecten Cameroon for US$538 million

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02 November 2011

Addax Petroleum acquires Shell's 80% interest in Pecten Cameroon for US$538 million

Report summary

Addax has acquired Shell's interests in Cameroon for US$538 million. The portfolio comprises a cluster of mature oil fields spanning eight shallow water concessions. Production is firmly in the decline phase, and future activity will be geared towards minimising expenditure and maximising recovery. Addax's partner, and operator of most of the concessions, is mature asset specialist Perenco. Their interests are well aligned: Perenco acquired its position from Total in November 2010. ...

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
    • Improved recovery
    • Synergies with existing interests
    • Exploration potential
    • Undeveloped gas volumes
    • Dissoni Nord
    • Shell
    • Addax
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 8 images and tables including:

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Net Production Profile
  • Rio del Rey Basin - Pecten Cameroon and existing Addax interests
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

What's included

This report contains:

  • Document

    Addax Petroleum acquires Shell's 80% interest in Pecten Cameroon for US$538 million

    PDF 618.06 KB

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