Deal Insight

Energi Mega Persada acquires CNOOC's stake in NWJS PSC

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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

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
    • Energi Mega Persada
    • CNOOC Ltd.
  • Oil & gas pricing and assumptions

Tables and charts

This report includes the following images and tables:

  • 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:

  • Document

    Energi Mega Persada acquires CNOOC's stake in NWJS PSC

    PDF 345.20 KB