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 ...
Table of contents
- Executive summary
- Transaction details
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Upstream assets
- Horn River Basin
- Cordova Embayment
- Liard Basin
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Deal analysis
- Dilly Creek valuation
- Reported unit metrics
- Inferred Cordova and Liard unit metrics
- LNG potential
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Strategic rationale
- Nexen
- INPEX
- JGC Corporation
- Oil & gas pricing and assumptions
Tables and charts
This report includes 8 images and tables including:
- Upstream assets: Table 1
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Wood Mackenzie Dilly Creek valuation sensitivity to well IP, EUR and future drilling forecast
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Wood Mackenzie forecast - Japan spot price vs. Henry Hub
What's included
This report contains:
