Deal Insight
PetroVietnam acquires ConocoPhillips' interest in Peru's Block 39
This report is currently unavailable
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
- 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
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:
Other reports you may be interested in
Asset Report
Bolivar zinc mine
A detailed production, commercial and cost competitive analysis of the Bolivar zinc mine.
$2,250
Asset Report
El Abra Mill copper mine project
A detailed analysis of the El Abra Mill copper mine project.
$2,250
Asset Report
Vizcachitas copper mine project
A detailed analysis of the Vizcachitas copper mine project.
$2,250
