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PetroChina joins Encana in the Duvernay for US$2.2 billion

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Report summary

The emerging Duvernay play has received another vote of confidence with the formation of a joint venture between PetroChina and Encana. PetroChina will pay Cdn$2.2 billion (US$2.2 billion) including a Cdn$1 billion cost carry for a 49.9% stake in Encana's Duvernay assets. The Duvernay is an early stage liquid rich shale gas play and its ultimate potential is still unknown. Activity has so far been limited to delineation and test drilling. Its economics are challenged by high well ...

What's included

This report contains

  • Document

    PetroChina joins Encana in the Duvernay for US$2.2 billion

    PDF 1.77 MB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 5 images and tables including:

Images

  • Location of Encana Duvernay assets
  • Deal valuation variance with discount rate and well cost (US$ million)

Tables

  • Deal analysis: Table 1
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

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