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Anadarko sells its Chinese subsidiary to Brightoil Petroleum for US$1.075 billion

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03 March 2014

Anadarko sells its Chinese subsidiary to Brightoil Petroleum for US$1.075 billion

Report summary

On 11 February 2014, Anadarko announced it had agreed to sell its China business unit, which owns stakes in offshore blocks 04/36 and 05/36, to Brightoil Petroleum for US$1.075 billion. Our base case valuation of the deal is US$1.038 billion (discounted at 10% from January 2014).This deal includes the seven oil producing Caofeidian (CFD) fields located across both licences but it excludes Anadarko's 50% stake in deepwater permit 43/11, in the South China Sea. The shallow water ...

Table of contents

Tables and charts

This report includes 7 images and tables including:

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

What's included

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    Anadarko sells its Chinese subsidiary to Brightoil Petroleum for US$1.075 billion

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