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Energi Mega Persada acquires CNOOC's stake in NWJS PSC

Energi Mega Persada acquires CNOOC's stake in NWJS PSC

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, ...

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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
  • Upsides and risks
  • Strategic rationale
    • Energi Mega Persada
    • CNOOC Ltd.
  • Oil & gas pricing and assumptions

In this report there are 8 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Upstream assets: Table 1
    • Wood Mackenzie base production forecast (net 36.72%)
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Upsides and risks
  • 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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