Deal Insight

MOL to acquire Chevron's Azerbaijan oil assets for US$1.57 billion

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11 November 2019

MOL to acquire Chevron's Azerbaijan oil assets for US$1.57 billion

Report summary

MOL has announced the acquisition of Chevron's stakes in the super-giant Azeri Chirag Guneshli (ACG) oil field and Baku-Tbilisi-Ceyhan (BTC) pipeline in Azerbaijan. The deal is priced at US$1.57 billion. The acquisition will be the largest in MOL's history. The long-life, low-cost production will be transformational for its upstream portfolio. For Chevron, it is the end of a long history in the south Caspian that started with the signing of the ACG PSC – the so-called Contract of the Century – back in 1994.

Table of contents

Tables and charts

This report includes 10 images and tables including:

  • Executive summary: 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
  • Upstream assets: Table 1
  • Upstream assets: Table 2
  • Chevron remaining upstream value by region (NPV10 at 1 January 2020)
  • MOL entitlement liquids production by country

What's included

This report contains:

  • Document

    MOL to acquire Chevron's Azerbaijan oil assets for US$1.57 billion

    PDF 773.29 KB

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