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 ...
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Tubarão Martelo - the anchor development
- Satellite fields - potential tie-backs
- Deal analysis
-
Upsides and risks
- Well performance is the key variable
-
Strategic rationale
- PETRONAS
- OGX
- Oil & gas pricing and assumptions
Tables and charts
This report includes 7 images and tables including:
- Executive summary: Image 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 valuation sensitivities
What's included
This report contains:
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