Deal Insight
Oman's OQ divests 40% in Blocks 48 & 60 for US$1.4 billion
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
OQ has signed a sale and purchase agreement for the divestment of a 40% stake at Block 60, which contains the 60,000 b/d Bisat field, and exploration Block 48. The buyer is an Indonesian consortium comprising Medco Energi (20%) and Medco Daya (20%). The deal consideration is US$1.4 billion and comes at an 83% premium to our valuation.
Table of contents
- Executive summary
- Transaction details
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Upstream assets
- Block 60
- Block 48
- Deal analysis
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Upsides and risks
- Upsides
- Risks
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Strategic rationale
- OQ
- Medco Energi
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Upstream assets: Table 1
- Blocks 48 and 60 in Oman
What's included
This report contains:
