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Apache acquires BP assets in the Permian Basin as part of a wider US$7 billion transaction

Apache acquires BP assets in the Permian Basin as part of a wider US$7 billion transaction

Report summary

BP has moved swiftly to execute the first stage of its recently announced US$10 billion asset disposal programme. The company will raise US$7 billion through three separate transactions, shedding non-core interests in the Permian Basin (onshore US), Western Canada and Egypt.For Apache, this is a compelling deal, representing a rare opportunity to acquire an under-exploited mature asset portfolio of considerable scale. The interests mesh perfectly with its existing operations and play to its ...

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The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

  • Executive summary
  • Transaction details
  • Upstream assets
  • Strategic rationale
    • BP
      • 2010 financial position looks much stronger
      • Potential for further large-scale disposals
    • Apache
      • Deal re-balances portfolio towards core strengths
  • Oil & gas pricing and assumptions

In this report there are 4 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Upstream assets: Table 1
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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