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6 Pages

Pertamina acquires Harvest Natural Resources' interest in Petrodelta for US$725 million

Pertamina acquires Harvest Natural Resources' interest in Petrodelta for US$725 million

Report summary

Pertamina, the Indonesian state oil company, has entered Venezuela with the acquisition of Harvest's 32% stake in Petrodelta. Petrodelta is a heavy oil concession located in the MaturĂ­n basin. The fields have been producing for 75 years. Harvest entered the block in 1991, when the project was awarded during Venezuela's first Marginal Fields bidding round. We value a 32% stake in Petrodelta at US$885 million (NPV10, discounted to January 2012). Given the risks associated ...

What's included?

This report includes 1 file(s)

  • Pertamina acquires Harvest Natural Resources' interest in Petrodelta for US$725 million PDF - 702.99 KB 6 Pages, 7 Tables, 1 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
    • Petrodelta
  • Deal analysis
  • Upsides and risks
    • Reserves upside
    • Operating risks
  • Strategic rationale
    • Harvest Natural Resources
    • Pertamina
  • 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
    • Detail Map
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • 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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