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6 Pages

PETRONAS sells out of three blocks offshore Vietnam to SapuraKencana for US$400 million


PETRONAS sells out of three blocks offshore Vietnam to SapuraKencana for US$400 million

Report summary

On 20 November 2014, SapuraKencana Petroleum Berhad announced it had entered three conditional sale and purchase agreements (SPAs) with Petronas Carigali, to acquire oil and gas assets in Vietnam. The three Vietnamese assets sold by Petronas Carigali are a mixture of early-midlife oil/gas assets and shallow-water oil/gas discoveries. We value the commercial assets at US$498 million, compared to the US$400 million paid by SapuraKencana.

What's included?

This report includes 1 file(s)

  • PETRONAS sells out of three blocks offshore Vietnam to SapuraKencana for US$400 million PDF - 294.04 KB 6 Pages, 7 Tables, 0 Figures

Description

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
    • Commercial
      • Blocks 01/97 and 02/97
      • Block 46 - Cai Nuoc
      • Blocks 10 and 11/1
  • Deal analysis
  • Upsides and risks
    • Exploration potential
  • Strategic rationale
    • Petronas Carigali
    • SapuraKencana
  • Oil & gas pricing and assumptions

In this report there are 7 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • 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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