Deal insight

Nexen sells a 40% stake in its northeast British Columbia gas assets to INPEX and JGC for US$680 million

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Report summary

Nexen has announced a strategic partnership with INPEX and JGC Corporation for its northeastern British Columbia shale properties. The Japanese players will acquire a 40% interest in Nexen's Horn River Cordova Embayment and Liard Basin lands for Cdn$700 million (US$679 million) half of which will be in the form of a cost carry. As part of the venture the companies will look into the feasibility of LNG export options joining a growing number of players evaluating and competing ...

What's included

This report contains

  • Document

    Nexen sells a 40% stake in its northeast British Columbia gas assets to INPEX and JGC for US$680 million

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Table of contents

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

Tables and charts

This report includes 8 images and tables including:

Images

  • Wood Mackenzie Dilly Creek valuation sensitivity to well IP, EUR and future drilling forecast
  • Wood Mackenzie forecast - Japan spot price vs. Henry Hub

Tables

  • Upstream assets: Table 1
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3

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