Deal insight

CNOOC Ltd to acquire 50% of Bridas Corporation

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

Contact us about this report

Report summary

CNOOC has announced its intention to acquire a 50% stake in Bridas Corporation for a consideration of US$3.1 billion. Bridas has upstream interests across the Southern Cone of Latin America through its 40% stake in Pan American Energy a Buenos Aires based Joint Venture in which BP holds the balance. The deal pertains only to Pan American Energy's assets in Argentina which accounts for the vast majority of the value in its portfolio and an exploration block in Chile. The deal is ...

What's included

This report contains

  • Document

    CNOOC Ltd to acquire 50% of Bridas Corporation

    PDF 454.45 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 6 images and tables including:

Images

  • Wood Mackenzie NPV estimates under a range of export tax assumptions and oil price realisations
  • Escalante blend oil price realisations under a range of export tax assumptions (as used in valuation scenarios)

Tables

  • Executive summary: Table 1
  • 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