Deal insight
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. ...
What's included
This report contains
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 8 images and tables including:
Images
- Net Production Profile
- Rio del Rey Basin - Pecten Cameroon and existing Addax interests
Tables
- Executive summary: Table 1
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
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