Deal insight

PETRONAS acquires 40% stake in Tubarao Martelo from OGX for US$850 million

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Report summary

PETRONAS has entered Brazil with the acquisition of a 40% stake in two blocks currently held by OGX. The blocks are located in the shallow waters of the southern Campos Basin and contain four undeveloped fields. The most important is Tubarão Martelo which is currently under development as a standalone project with first oil scheduled for end 2013. The other fields are much smaller in size and are potential tie backs to the anchor field. The deal also includes the option for ...

What's included

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  • Document

    PETRONAS acquires 40% stake in Tubarao Martelo from OGX for US$850 million

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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 7 images and tables including:

Images

  • Executive summary: Image 1
  • Wood Mackenzie valuation sensitivities

Tables

  • 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
    
            
            
            
            
            
            
            
    

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