Deal Insight
KUFPEC to buy BP's 34.3% stake in the Yacheng Gas field
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Report summary
In late 2012, BP agreed to sell its 34.3% non-operated interest in the Yacheng 13-1 gas field in the Yinggehai Basin, South China Sea, to existing partner Kuwait Foreign Petroleum Exploration Company (KUFPEC) for US$308 million. The deal is scheduled to close in 2H 2013, but remains open to potential pre-emption from CNOOC.This acquisition will go a long way to helping KUFPEC achieve its 2015 production target of 130,000 boe/d, and at minimal risk: the company has paid a fair price for a ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
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Upsides and risks
- Upsides
- Risks
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Strategic rationale
- KUFPEC
- BP
- Oil & gas pricing and assumptions
Tables and charts
This report includes 9 images and tables including:
- Executive summary: Table 1
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Map of Yacheng 13-1 and nearby blocks
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- KUFPEC production: Wood Mackenzie forecast (WI basis) vs. company target
What's included
This report contains:
