Deal insight

Energi Mega Persada acquires CNOOC's stake in NWJS PSC

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Report summary

In December 2011, Indonesian independent Energi Mega Persada (EMP) announced the purchase of a 36.72% interest in the North West Java Sea PSC (ONWJ PSC) from CNOOC for US$212 million. The shallow-water PSC contains a vast complex of mature oil and gas fields, producing via more than 200 offshore structures and over a thousand kilometres of pipeline. The PSC is due to expire in 2017. Our valuation of the deal - at US$232 million (NPV10) - takes no account of a possible license extension, ...

What's included

This report contains

  • Document

    Energi Mega Persada acquires CNOOC's stake in NWJS PSC

    PDF 345.20 KB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
    • Energi Mega Persada
    • CNOOC Ltd.
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 8 images and tables including:

Images

  • Wood Mackenzie base production forecast (net 36.72%)

Tables

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

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