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6 Pages

CNPC acquires 8.4% stake in Kashagan from KazMunaiGas for US$5.4 billion

CNPC acquires 8.4% stake in Kashagan from KazMunaiGas for US$5.4 billion

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 ...

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This report includes 1 file(s)

  • CNPC acquires 8.4% stake in Kashagan from KazMunaiGas for US$5.4 billion PDF - 2.83 MB 6 Pages, 6 Tables, 1 Figures


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.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

  • 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

In this report there are 7 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Upstream assets
    • Kashagan and the Kazakhstan-China pipeline
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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