Deal insight

BP sells its 60% stake in Pan American Energy to Bridas Corporation for US$7 billion

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

For further information about this report submit the form below.

Report summary

BP is to sell its 60% stake in Pan American Energy (PAE) to Bridas Corporation for a cash consideration of $7.1 billion. Bridas Corporation is owned 50% by Bridas Energy Holdings Ltd. and 50% by CNOOC Ltd the latter having acquired its share in March 2010 for US$3.1 billion. Bridas Corporation already holds the remaining 40% in PAE. We value the assets transferred at US$7.0 billion (NPV10). However given the fiscal regulatory and operational uncertainties associated with the ...

What's included

This report contains

  • Document

    BP sells its 60% stake in Pan American Energy to Bridas Corporation for US$7 billion

    PDF 405.91 KB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 7 images and tables including:

Tables

  • Executive summary: 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
  • Upstream assets: Table 1

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898