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

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 ...

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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.

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  • Executive summary
  • Oil & gas pricing and assumptions

In this report there is 1 table or chart, including:

  • Executive summary
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
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