Deal insight
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5 Pages

Oil Search acquires 23% stake in Elk/Antelope (PNG)

Oil Search acquires 23% stake in Elk/Antelope (PNG)

Report summary

This transaction follows the December 2013 deal between Total and InterOil for a majority stake in the same acreage. The Total/InterOil deal was dependent on InterOil acquiring these minority Pac LNG Group interests in PRL15, so we understand that Total's deal cannot complete in its present format and further negotiations are likely. Furthermore, as Oil Search now holds pre-emption rights it can influence any further transfer of equity on the block.

What's included?

This report includes 1 file(s)

  • Oil Search acquires 23% stake in Elk/Antelope (PNG) PDF - 2.76 MB 5 Pages, 2 Tables, 3 Figures


The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

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

In this report there are 5 tables or charts, including:

  • Executive summary
  • Transaction details
    • Transaction details: Table 1
  • Upstream assets
    • Gulf Region of Papua New Guinea
  • Deal analysis
    • Comparison of Elk/Antelope deal metrics
    • Recent LNG feedgas deal metrics
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
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