Deal Insight

CNOOC to acquire stake in QCLNC from BG for US$1.93 billion

This report is currently unavailable

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- Available as part of a subscription
- FAQ's about online orders

31 October 2012

CNOOC to acquire stake in QCLNC from BG for US$1.93 billion

Report summary

+ Please refer to the PDF download for complete analysisBG has negotiated an HOA for the sale of a 20% stake in its QC LNG asset in Australia to CNOOC for US$1.93 million and a long term 5 mmtpa supply contract from BG to CNOOC starting in 2015. Under our base case scenario, we value an incremental 20% stake in the QCLNG project at US$1.71 billion (NPV10, as of 1 January 2012). However our valuation suggests CNOOC may have paid a premium given that BG has retained ownership of the export ...

Table of contents

  • Executive summary
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 1 images and tables including:

  • Oil & gas pricing and assumptions: Table 1

What's included

This report contains:

  • Document

    CNOOC to acquire stake in QCLNC from BG for US$1.93 billion

    PDF 264.68 KB

Other reports you may be interested in

Browse reports by Industry Sector