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BP acquires Devon's interests in Azerbaijan, Brazil and the US deepwater Gulf of Mexico: US GOM component

BP acquires Devon's interests in Azerbaijan, Brazil and the US deepwater Gulf of Mexico: US GOM component

Report summary

** UPDATE - Following further disclosure from Devon and BP on the breakdown of the deal consideration between countries, the M&A Service database has been updated we have split this deal into three separate transactions: 1) Azerbaijan (Deal ID 11607); 2) US (Deal ID 11609); 3) Brazil (Deal ID 11610). The Deal Insight associated with all three deals remains unchanged (from the March 2010 original). * UPDATE - On 17 August 2010, it was announced that Chevron, Inpex and Itochu had ...

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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.

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