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7 Pages

Perenco acquires ConocoPhillips' interests in Vietnam


Perenco acquires ConocoPhillips' interests in Vietnam

Report summary

Perenco has acquired ConocoPhillips' interests in Vietnam for US$1.29 billion. The portfolio, located in the Cuu Long Basin, includes Block 15-1, Block 15-2 and the Nam Con Son pipeline.Our base case valuation of the deal is US$797 million (NPV10, discounted to 1 January 2012). This is based on assumed 2P commercial reserves of 56 mmboe (net). It is clear, however, that Perenco has attributed material value to the substantial technical resource upside associated with the Su Tu Trang ...

What's included?

This report includes 1 file(s)

  • Perenco acquires ConocoPhillips' interests in Vietnam PDF - 394.23 KB 7 Pages, 6 Tables, 1 Figures

Description

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
    • Block 15-1
    • Block 15-2 (Rang Dong)
    • Nam Con Son Pipeline
  • Deal analysis
  • Upsides and risks
    • Upside
    • Risks
  • Strategic rationale
    • Perenco
    • ConocoPhillips
  • Oil & gas pricing and assumptions

In this report there are 7 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
  • Upsides and risks
    • Wood Mackenzie NPV sensitivities, including and excluding Su Tu Trang development
  • 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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