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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29 November 2011

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

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
    • Horn River Basin
    • Cordova Embayment
    • Liard Basin
    • Dilly Creek valuation
    • Reported unit metrics
    • Inferred Cordova and Liard unit metrics
    • LNG potential
    • 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:

  • Document

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

    PDF 410.79 KB

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