Deal Insight
Addax Petroleum acquires Shell's 80% interest in Pecten Cameroon for US$538 million
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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
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Upsides and risks
- Improved recovery
- Synergies with existing interests
- Exploration potential
- Undeveloped gas volumes
- Dissoni Nord
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Strategic rationale
- Shell
- Addax
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
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Executive summary: Table 1Upstream assets: Table 1Net Production Profile
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Rio del Rey Basin - Pecten Cameroon and existing Addax interestsDeal analysis: Table 1Deal analysis: Table 2Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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