Deal insight

PetroVietnam acquires ConocoPhillips' interest in Peru's Block 39

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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 ...

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    PetroVietnam acquires ConocoPhillips' interest in Peru's Block 39

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Table of contents

Tables and charts

This report includes 6 images and tables including:

Images

  • Block 39 Map
  • Strategic fit of Latin American interests within the Majors and Large Cap IOCs global portfolios

Tables

  • Executive summary: Table 1
  • Deal analysis: Table 1
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

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