Deal Insight
PETRONAS partners with TotalEnergies in Angola Block 20/11
Report summary
TotalEnergies has concluded the sale of a 40% interest in Angola Block 20/11 to PETRONAS. The deal is effective 1 January 2023 and the consideration is US$400 million, subject to customary price adjustments. This is in line with Wood Mackenzie's valuation of the stake at 12% discount rate.Block 20/11 is a pre-FID ultra-deepwater asset located in the south-central Kwanza Basin, where TotalEnergies, as operator, is planning a phased hub development over two fields Cameia and Golfinho. The ...
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Block 20/11
- Deal analysis
-
Upsides and risks
- Upsides
- Risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes 8 images and tables including:
- Executive summary: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Map: Block 20/11 discovered fields
- Upstream assets: Table 1
What's included
This report contains:
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