Deal Insight
ConocoPhillips exits Indonesia with sale of Corridor gas project
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
ConocoPhillips has sold its 54% stake in the Corridor PSC in Indonesia to Medco Energi for US$1.355 billion. Medco will also acquire ConocoPhillips' interests in the associated Grissik and Transasia pipelines. The Corridor PSC is the second largest gas producer in Indonesia, supplying volumes to Singapore and Indonesian markets under various long-term contracts.The deal is well timed for ConocoPhillips. The US independent intends to use the proceeds from its sale in Indonesia to pre-empt EIG's acquisition of a 10% stake in Australia's APLNG.
Table of contents
- Executive summary
- Transaction details
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Upstream assets
- Corridor PSC
- Grissik pipeline
- Deal analysis
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Upsides and risks
- Upsides
- Risks
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Strategic rationale
- Medco Energi
- ConocoPhillips
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
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Executive summary: Table 1Deal analysis: Table 1Deal analysis: Table 2
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Deal analysis: Table 3Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2Medco's production growth from acquisitionsUpstream assets: Table 1
What's included
This report contains:
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