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, ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
-
Strategic rationale
- Energi Mega Persada
- CNOOC Ltd.
- Oil & gas pricing and assumptions
Tables and charts
This report includes 8 images and tables including:
- Executive summary: Table 1
- Upstream assets: Table 1
- Wood Mackenzie base production forecast (net 36.72%)
- 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
What's included
This report contains:
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