Deal Insight
Chevron exits Vietnam: sells Block B Project to PetroVietnam for undisclosed amount
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The deal includes Chevron's operating stakes in the two PSCs covering Blocks 52/97 (43.4%) and 48/95 & B (42.38%), which lie in shallow waters off southwest Vietnam. Wood Mackenzie values the commercial upstream assets at US$331 million (NPV10, effective June 2015). Our valuation does not include the Vang Den, Thien Ha and North Kim Long technical discoveries, nor remaining exploration upside.
Table of contents
- Executive summary
- Transaction details
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Upstream assets
- Blocks 52/97, 48/95 and B
- Deal analysis
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Upsides and risks
- Reserves
- Exploration
- Gas Sales Agreement
- Infrastructure
- Development Cost
- Operatorship
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Strategic rationale
- Chevron
- PetroVietnam
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Acquired assets - net entitlement production and cash flow forecasts
- Deal analysis: Table 1
- Deal analysis: Table 2
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Upstream assets: Table 1
What's included
This report contains:
