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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 ...
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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.
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Deal insight | Feb 2012
Perenco acquires ConocoPhillips' interests in Vietnam
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