Deal Insight

PetroVietnam acquires ConocoPhillips' interest in Peru's Block 39

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16 May 2011

PetroVietnam acquires ConocoPhillips' interest in Peru's Block 39

Report summary

PetroVietnam has announced the acquisition of ConocoPhillips' 35% stake in Block 39, Peru. The block contains sizable heavy oil reserves in three undeveloped fields, plus considerable exploration upside. However, Block 39 lies in an environmentally sensitive area in north-east Peru; with no existing infrastructure, the development will be challenging. Wood Mackenzie's base case valuation of the 35% stake in Block 39 is US$603 million (NPV10, discounted to January 2011). However, ...

Table of contents

Tables and charts

This report includes 6 images and tables including:

  • Executive summary: Table 1
  • Deal analysis: Table 1
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Block 39 Map
  • Strategic fit of Latin American interests within the Majors and Large Cap IOCs global portfolios

What's included

This report contains:

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    PetroVietnam acquires ConocoPhillips' interest in Peru's Block 39

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