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8 Pages

KNOC acquires Dana Petroleum


KNOC acquires Dana Petroleum

Report summary

On 24 September 2010, Korea National Oil Corporation (KNOC) announced that it had secured 64% of the shares in UK-based Dana Petroleum. Simultaneously, it waived a clause in its initial offer requiring 90% acceptances from shareholders, and the offer will now remain open indefinitely. Later on 24 September, the Board of Dana recommended that, in light of the latest developments, shareholders accept the offer. This brings the hostile takeover, initiated in August 2010, close to ...

What's included?

This report includes 1 file(s)

  • KNOC acquires Dana Petroleum PDF - 438.96 KB 8 Pages, 8 Tables, 2 Figures

Description

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
    • UK
    • Egypt
    • The Netherlands
    • Other Regions
    • Faroe Petroleum
  • Deal analysis
  • Upsides and risks
    • Upside
    • Risk
  • Strategic rationale
    • KNOC
    • Dana
  • Oil & gas pricing and assumptions

In this report there are 10 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Upstream assets: Table 1
    • Dana Petroleum - Wood Mackenzie net production forecast
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Upsides and risks
    • Operational sensitivities to Wood Mackenzie base case valuation of Dana
  • Strategic rationale
    • Strategic rationale: Table 1
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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