Deal insight

Marathon sells its 10% stake in Block 32 Angola to Sonangol EP for US$590 million

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

For further information about this report submit the form below.

Report summary

On 10 September 2013, Marathon announced an agreement to sell its 10% stake in deep water Block 32, in Angola's offshore Lower Congo Basin, to Sonangol EP for US$590 million. Our base case valuation for the deal is US$687 million (discounted at 10% from January 2013). This is Marathon's second disposal in Angola in a matter of months; in June 2013 Marathon sold its stake in neighbouring Block 31 to Sonangol Sinopec International for US$1.52 billion. Completion of this deal will ...

What's included

This report contains

  • Document

    Marathon sells its 10% stake in Block 32 Angola to Sonangol EP for US$590 million

    PDF 731.90 KB

Table of contents

Tables and charts

This report includes 8 images and tables including:

Images

  • Block 32 Angola

Tables

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • 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

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898