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ConocoPhillips sells 7.6% of its 20% stake in LUKoil

ConocoPhillips sells 7.6% of its 20% stake in LUKoil

Report summary

On 16 August 2010, LUKoil acquired 7.6% of its own stock from ConocoPhillips. LUKoil retains an option to buy ConocoPhillips' remaining 11.6% stake before 26 September 2010, but has stated that it does not intend to exercise the option in full. ConocoPhillips plans to divest the balance of its holding on the open market over the next 18 months.Under our base case assumptions, we value a 7.6% stake in LUKoil's upstream portfolio at US$6.6 billion (NPV10 as at 1 August 2010). By ...

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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.

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
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Strategic rationale
    • LUKoil
    • ConocoPhillips
  • Oil & gas pricing and assumptions

In this report there are 5 tables or charts, including:

  • Executive summary
  • Transaction details
  • Upstream assets
    • 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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