Deal insight

LUKOIL acquires ConocoPhillips' 30% interest in NaryanMarNefteGaz

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Report summary

ConocoPhillips has sold its 30% stake in Naryanmarneftegaz a joint venture with LUKOIL for an undisclosed consideration. Following the deal LUKOIL has consolidated 100% ownership of the JV. As of 2012 Naryanmarneftegaz operates 11 commercial fields and three technical fields in northern Timan Pechora. Production is declining but with renewed investment is expected to reach a second peak towards the end of the decade. We value the stake at US$917 million (NPV10 discounted to 1 ...

What's included

This report contains

  • Document

    LUKOIL acquires ConocoPhillips' 30% interest in NaryanMarNefteGaz

    PDF 820.65 KB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 8 images and tables including:

Images

  • Naryanmarneftegaz Assets Map
  • Naryanmarneftegaz; Wood Mackenzie modelling assumptions (net)

Tables

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

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