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.

What's included

This report contains

  • Document

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

    PDF 325.18 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:

Images

  • Acquired assets - net entitlement production and cash flow forecasts

Tables

  • Executive summary: Table 1
  • 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

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