Deal insight
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7 Pages

Chevron exits Vietnam: sells Block B Project to PetroVietnam for undisclosed amount

Chevron exits Vietnam: sells Block B Project to PetroVietnam for undisclosed amount

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.

What's included?

This report includes 1 file(s)

  • Chevron exits Vietnam: sells Block B Project to PetroVietnam for undisclosed amount PDF - 325.18 KB 7 Pages, 6 Tables, 1 Figures


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
    • Blocks 52/97, 48/95 and B
  • Deal analysis
  • Upsides and risks
    • Reserves
    • Exploration
    • Gas Sales Agreement
    • Infrastructure
    • Development Cost
    • Operatorship
  • Strategic rationale
    • Chevron
    • PetroVietnam
  • Oil & gas pricing and assumptions

In this report there are 7 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Upstream assets: Table 1
  • Deal analysis
    • Acquired assets - net entitlement production and cash flow forecasts
    • Deal analysis: Table 1
    • Deal analysis: Table 2
  • Upsides and risks
  • 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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