Deal Insight
Perenco acquires ConocoPhillips' interests in Vietnam
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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
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 ...
Table of contents
- 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
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
- Wood Mackenzie NPV sensitivities, including and excluding Su Tu Trang development
What's included
This report contains:
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