Deal Insight
Chevron exits Vietnam: sells Block B Project to PetroVietnam for undisclosed amount
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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
-
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
Tables and charts
This report includes 7 images and tables including:
- 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:
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