Deal Insight
BP acquires 30% stake in 23 Reliance blocks, including the Dhirubhai gas field
This report is currently unavailable
Report summary
On 21 February 2011, BP announced that it will pay up to US$9 billion for a 30% stake in 23 blocks including the producing D6 area and 22 other exploration blocks in India. An initial payment of US$7.2 billion dollars will be made in three parts during 2011. This will be followed up by further payments of up to US$1.8 billion depending on exploration success. The transaction marks another bold move by BP who is seeking to re-build its upstream credentials post Macondo. Through the deal, BP ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
-
Deal analysis
- Base case valuation falls short of the US$7.2 billion consideration
-
Upsides and risks
- Upside
- Risks
-
Strategic rationale
- BP Strategic Rationale
- Reliance Strategic Rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes 6 images and tables including:
- Upstream assets: Table 1
- Map
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Deal analysis: Table 1
- Deal analysis: Table 2
What's included
This report contains:
Other reports you may be interested in
Asset Report
SB K (Kikeh)
Kikeh is Malaysia's first deepwater development. Block K also include Kakap and Siakap North, parts of two nearby unitised oil & gas fields
$5,750
Asset Report
West East Gas Pipeline III
West-East Pipeline III (WEP III) is connected to line C of the Central Asia-China Gas Pipeline.
$2,150
Asset Report
K5
K5 is a reservoir with a massive 21-tcf gas-initially-in-place discovered in 1970, but it has a high CO2 content of up to 70%. The ...
$3,100
