Deal insight
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7 Pages

Pacific Rubiales acquires Colombian junior PetroMagdalena for US$298 million

Pacific Rubiales acquires Colombian junior PetroMagdalena for US$298 million

Report summary

Pacific Rubiales is to acquire Colombian junior PetroMagdalena for US$298 million (including net debt). Pacific Rubiales' C$1.60 per share offer represents a premium of 28% to PetroMagdalena's closing price the day prior to deal announcement. The deal marks Pacific Rubiales' fourth acquisition in Q2 2012; a spending spree that has seen it invest around US$1 billion. While the other three deals were focused on international opportunities - in Papua New Guinea, Guyana and ...

What's included?

This report includes 1 file(s)

  • Pacific Rubiales acquires Colombian junior PetroMagdalena for US$298 million PDF - 667.62 KB 7 Pages, 6 Tables, 2 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
    • Llanos Basin
    • Other basins
  • Deal analysis
  • Upsides and risks
    • Upsides
    • Risks
  • Strategic rationale
    • Pacific Rubiales
    • PetroMagdalena
  • Oil & gas pricing and assumptions

In this report there are 8 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Pacific Rubiales and PetroMagdalena acreage
    • Wood Mackenzie modelling assumptions for Cubiro (net to PetroMagdalena)
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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