Deal insight
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8 Pages

PetroVietnam acquires ConocoPhillips' interest in Peru's Block 39

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, ...

What's included?

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  • PetroVietnam acquires ConocoPhillips' interest in Peru's Block 39 PDF - 763.20 KB 8 Pages, 4 Tables, 2 Figures


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
    • Block 39
  • Deal analysis
  • Upsides and risks
    • Exploration upside
    • Facilities sharing potential
    • Challenges
  • Strategic rationale
    • PetroVietnam
    • ConocoPhillips
  • Oil & gas pricing and assumptions

In this report there are 6 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Block 39 Map
  • Deal analysis
    • Deal analysis: Table 1
  • Upsides and risks
  • Strategic rationale
    • Strategic fit of Latin American interests within the Majors and Large Cap IOCs global portfolios
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

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