Deal Insight
CNPC acquires 8.4% stake in Kashagan from KazMunaiGas for US$5.4 billion
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 7 September 2013, KazMunaiGas (KMG), the Kazakh national oil company, reached agreement to sell an 8.33 percent stake in the Kashagan oil project to CNPC. In July, KMG pre-empted the sale of ConocoPhillips' equivalent interest to ONGC, after the Indian company reached an initial agreement to buy the shareholding in November 2012. A sale and purchase agreement was signed between KMG and CNPC during the visit of Chinese President Xi to Kazakhstan, and comes just days after major new ...
Table of contents
- Executive summary
- Upstream assets
-
Deal analysis
- CNPC's impact - a Phase Two story
-
Strategic rationale
- China finally gets its prize
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Kashagan and the Kazakhstan-China pipeline
- Upstream assets: Table 1
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Deal analysis: Table 1
- Deal analysis: Table 2
What's included
This report contains:
Other reports you may be interested in
Asset Report
Aram
The Aram Block was awarded by Petrobras (80% and operator) in a consortium with CNPC. It holds 29 billion barrels of unrisked reserves.
$3,720
Asset Report
Dunga
The onshore Dunga oil field is located in southwest Kazakhstan. In late 2023, NC KazMunaiGas closed the US$359 million deal with ...
$5,280
Asset Report
Parque dos Doces
Parque dos Doces comprises the joint development of three fields located in the Espírito Santo basin, immediately to the east of ...
$3,720
