Deal Insight
Anadarko sells its Chinese subsidiary to Brightoil Petroleum for US$1.075 billion
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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
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
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Upsides and risks
- Upsides
- Risks
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Strategic rationale
- Anadarko
- Brightoil Petroleum
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- 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
This report contains:
