Deal Insight
Oil Search acquires 23% stake in Elk/Antelope (PNG)
This report is currently unavailable
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.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes 5 images and tables including:
- Transaction details: Table 1
- Gulf Region of Papua New Guinea
- Comparison of Elk/Antelope deal metrics
- Recent LNG feedgas deal metrics
- Oil & gas pricing and assumptions: Table 1
What's included
This report contains:
Other reports you may be interested in
Asset Report
Elk/Antelope (Papua LNG)
Papua LNG is a proposed, Total-operated LNG facility, fed by the Elk/Antelope field and located on the east coast of the Gulf of Papua.
$5,750
Deal Insight
Woodside divests 10% in Scarborough to LNG Japan for US$500 million
We expect that Woodside will seek to reduce its equity in Scarborough further as the project progresses.
$1,650
Asset Report
Hides GTE
Hides is an onshore gas/condensate field, located in the central Papuan Foldbelt.
$3,100